Shipping Forum Podcast

THE ROADMAP TO ZERO - MOVING FROM DISCUSSION TO DELIVERYSteering Committee Members - 1x1 DiscussionThe discussion will focus on how the shipping industry delivers the change needed to achieve its decarbonization ambitions. Drawing on experience as financiers, charterers & fuel providers, Grahaeme and Michael will examine some of the barriers to decarbonization and discuss how the industry can progress to move into the ‘delivery’ phase on shipping’s road to zero. Dr Grahaeme Henderson OBE, Senior Vice President, Shipping & Maritime - Shell International Trading and Shipping Company Limited / CONFERENCE CHAIRMAN Mr. Michael Parker, Chairman, Global Shipping Logistics & Offshore - Citi WELCOME REMARKS & INTRODUCTION Mr. Nicolas Bornozis, President - Capital Link, Inc.

DAY 1 – TUESDAY, MARCH 2, 2021 DRY BULK SHIPPING: SECTOR TRENDS & OUTLOOK Moderator: Mr. Arlie Sterling, President & Co-Founder – Marsoft Inc.  Panelists: Mr. John Wobensmith, CEO – Genco Shipping & Trading Limited (GNK) Mr. Ulrik Uhrenfeldt Andersen, CEO – Golden Ocean Group (GOGL) Mr. Martyn Wade, CEO – Grindrod Shipping Holdings (GRIN) Mr. Loukas Barmparis, President – Safe Bulkers, Inc. (SB) Mr. Stamatis Tsantanis, CEO – Seanergy Maritime Holdings (SHIP)

DAY 1 – TUESDAY, MARCH 2, 2021 GEOPOLITICS, GLOBAL ECONOMY & COMMERCE – HEADING INTO A NEW ERA With vaccines becoming more widely available, economies and societies are expected to gradually open-up, which translates into more robust economic and commercial activity around the world. A new administration in the US is expected to follow different policies when it comes to international relations, global trade and commerce and environmental regulations. Access to global markets is key for shipping in fulfilling its vital role as the artery of global trade. Over 90% of global trade is transported by ships. This panel will discuss the challenges and opportunities of the new phase the world is entering and what it means for shipping. Moderator: Mr. John Keough, Partner – Clyde & Co  Panelists: Ms. Sadan Kaptanoglu, President – BIMCO; CEO – Kaptanoglu Shipping Ms Kathy Metcalf, President & CEO – Chamber of Shipping of America Mr. Ma

DAY 2 – WEDNESDAY, MARCH 3, 2021 PRODUCT TANKER SHIPPING: SECTOR TRENDS & OUTLOOK Moderator:Mr. Randy Giveans, Group Head of Energy Maritime, Shipping Equity Research – Jefferies  Panelists: Mr. Anthony Gurnee, Founder and CEO – Ardmore Shipping Corporation (ASC) Mr. Carlos Balestra Di Mottola, CFO – d’Amico International Shipping S.A. (BIT:DIS) Mr. Kevin Kilcullen, CFO – Diamond S Shipping (DSSI) Mr. Mikael Skov, CEO – Hafnia (NO: HAFNI)  Mr. Robert Bugbee, President – Scorpio Tankers Inc. (STNG) Mr. Jacob Meldgaard, CEO – TORM (TRMD)

DAY 2 – WEDNESDAY, MARCH 3, 2021 ANALYST ROUNDTABLE Moderator:Mr. Nicolas Bornozis, President – Capital Link, Inc.  Panelists: Mr. Gregory Lewis, Managing Director and Energy Transition and Maritime Analyst – BTIG  Mr. Omar Nokta, Head of US Securities – Clarksons Platou Mr. Randy Giveans, Group Head of Energy Maritime, Shipping Equity Research – Jefferies Mr. Ben Nolan, Head of Maritime Research – Stifel Mr. J Mintzmyer, Head of Research – Value Investor's Edge

DAY 1 – TUESDAY, MARCH 2, 2021 LNG SHIPPING: SECTOR TRENDS & OUTLOOK The panel will discuss the latest trends, developments and outlook in the LNG shipping sector focusing, among other, on demand and supply fundamentals, the global energy markets, operational and commercial issues, freight rates, asset values, and more. Moderator:Mr. Randy Giveans, Group Head of Energy Maritime, Shipping Equity Research – Jefferies Panelists: Mr. Tony Lauritzen, CEO – Dynagas LNG Partners (DLNG) Mr. Oystein Kalleklev, CEO – FLEX LNG (FLNG) Mr. Paul Wogan, CEO – GasLog & GasLog Partners (GLOG & GLOP) Mr. Iain Ross, CEO – Golar LNG (GLNG)

DAY 1 – TUESDAY, MARCH 2, 2021 A US EQUITY MARKET UPDATE With a new administration in the US and the world transitioning out of the pandemic, the presentation will focus on the US and the global economies and the on the investment outlook in the US equity markets.  Mr. Tobias Levkovich, Managing Director – Citi

DAY 2 – WEDNESDAY, MARCH 3, 2021 “SHIPPING – FINANCE – TECHNOLOGY IN THE POST COVID-19 ERA:  WHAT’S DIFFERENT THIS TIME – WHY WE CAN BE OPTIMISTIC” – A ROUNDTABLE DISCUSSION This panel will discuss how shipping and finance are expected to benefit from the eventual return of the world to normality, as societies, economies and markets gradually open-up. Shipping and finance have been two areas undergoing significant transformation, the speed of which has accelerated as the result of the pandemic, technological innovation and environmental pressures. Capital and credit markets are gradually re-opening for shipping and sector fundamentals remain positive across most sectors. At the same time, there is a high degree of uncertainty regarding fuels, ship designs and fleet renewal decisions putting to the test shipowners, financiers and technology providers.” Mr. Michael Parker, Chairman, Global Shipping, Logistics & Offshore – Citi Mr. Michae

DAY 1 – TUESDAY, MARCH 2, 2021 RAISING CAPITAL THROUGH SUSTAINABLE FINANCE This panel will discuss the practical implications of adherence to ESG & Sustainability standards. From bank finance to bonds, there has been an abundance of activity that enables qualifying companies to reap the benefits of raising capital with attractive and competitive terms. This panel will discuss the criteria, structures and relevant issues for companies, lenders and investors. Moderator:Mr. Anthony Salgado, Partner – BLANKROME  Panelists: Mr. Joep Gorgels, Global Head of Transportation and Logistics, Managing Director – ABN AMRO N.V. Mr. Matthew Tinari, Head of Global Corporate Development – Atlas Corp Ms. Nina Ahlstrand, Head of Sustainable Finance, Investment Banking Division – DNB Markets Ms. Kiara Konti, Director - Climate Change & Sustainability Services – EY Mr. Yannick Anselme, Chief Financial Officer – Mediterranean Shipping C

DAY 1 – TUESDAY, MARCH 2, 2021 SHIP FINANCE Moderator:Mr. John Imhof, Shareholder – Vedder Price  Panelists: Mr. Philipp Wünschmann, Global Head of Shipping – Berenberg Mr. Shreyas Chipalkatty, Global Head of Shipping – Citi Mr. Evan Cohen, Managing Director & Group Head of Maritime Finance – CIT Mr. Christos Tsakonas, Global Head of Shipping – DNB Mr. Nino Mowinckel, Managing Director, Maritime – Hayfin Capital Management

DAY 1 – TUESDAY, MARCH 2, 2021 OPPORTUNITIES IN THE OFFSHORE WIND VALUE CHAIN The quest for Alternative, Renewable & Sustainable Energy Sources turns to the construction of wind farms in deeper waters, as higher wind speeds offshore translate into higher power generation at competitive costs. There has been strong investment interest in the sector with several projects already announced around the world, including a major one in New York opening up new opportunities for the energy and maritime industries. This panel will discuss the fundamentals of the offshore wind market, the commercial outlook for projects around the world, as well as the capital raising, finance and investment opportunities in this sector. Opening Presentation: Considerations for the Financing of Offshore Wind  Mr. Daniel Pilarski, Partner – Watson Farley & Williams  Moderator:Mr. Turner Holm, Head of Equity Research – Clarksons Platou Securities Panelists: Mr. Stephen Bolton, Managing Direct

DAY 2 – WEDNESDAY, MARCH 3, 2021 REFLECTIONS OF AN INDUSTRY VETERAN – ONE-ON-ONE DISCUSSION WITH PETER GEORGIOPOULOS Peter G will reflect on his own path through Wall Street and the global shipping industry. He will also share his insight on the industry’s evolution and transformation since the 1990’s when he founded and led General Maritime Corporation, the first of the five public companies he has led. Resilient and resourceful, after having experienced significant ups and downs, Peter G, and long-time associate Leonidas Vrondissis, is back in the news with the acquisition of the chemical fleet of Dubai headquartered United Arab Chemical Carriers and with his foray into the green energy market. Mr. Peter Georgiopoulos, President – United Overseas Group  in discussion with  Mr. Nicolas Bornozis, President – Capital Link, Inc.

DAY 2 – WEDNESDAY, MARCH 3, 2021 CONTAINER SHIPPING: SECTOR TRENDS & OUTLOOK Moderator:Mr. Christian Wetherbee, Managing Director, Transportation & Shipping Research  – Citi Research  Panelists: Mr. Jerry Kalogiratos, CEO – Capital Product Partners (CPLP) Mr. Evangelos Chatzis, CFO – Danaos Corporation (DAC) Mr. Aristides Pittas, Chairman & CEO – Euroseas (ESEA) and Eurodry (EDRY) Mr. George Youroukos, Executive Chairman – Global Ship Lease (GSL)  Mr. Constantin Baack, CEO – MPC Container Ships (OSLO: MPCC)

DAY 2 – WEDNESDAY, MARCH 3, 2021 INDUSTRY CONSOLIDATION AND M&A  Moderator:Mr. Greg Chase, Partner – Reed Smith   Panelists: Mr. Andreas Beroutsos, Managing Director, Investments & Senior Group Executive for Strategic New Businesses – BW Group Ms. Christa Volpicelli, Managing Director & Head of Maritime Investment Banking – Citi Mr. Andrian Dacy, CEO & Managing Director, Global Transportation Group – J.P. Morgan Asset Management  Mr. Roberto Rondelli, Partner – Pillarstone Mr. Hamish Norton, President – Star Bulk Carriers (SBLK)

DAY 2 – WEDNESDAY, MARCH 3, 2021 CRUDE OIL TANKER SHIPPING: SECTOR TRENDS & OUTLOOK Moderator:Mr. Christian Wetherbee, Managing Director, Transportation & Shipping Research  – Citi Research  Panelists: Mr. Hugo de Stoop, CEO – Euronav (EURN) Mr. Lars Barstaad, Interim CEO – Frontline (FRO) Mr. Jeffrey D. Pribor, SVP & CFO – International Seaways (INSW) Mr. Robert Burke, Partner & CEO – Ridgebury Tankers Mr. Harrys Kosmatos, Corporate Development Officer – Tsakos Energy Navigation (TNP)

DAY 1 – TUESDAY, MARCH 2, 2021 ADDRESSING THE CREWING CRISIS - MOVING FROM DISCUSSION TO RESULTS Shipping reaffirmed its vital function as the artery of global trade, when during the pandemic ships continued to move cargo and kept the supply chain open for the benefit of societies and economies around the world. This could not have happened without the endurance and sacrifices of the crews that faced unprecedented challenges including much longer than anticipated stay onboard. There is a humanitarian crisis raising, among other, safety concerns. There has been a huge amount if discussion and progress has been made in terms of facilitating crew changes but still the problem remains. The recent Neptune Declaration which has been signed by more than 400 companies and organizations brings the issue again to the spotlight and creates a unified industry demand – to address and resolve the issue, which needs the cooperation of all stakeholders – international organizations, national governments, sh

DAY 1 – TUESDAY, MARCH 2, 2021 LPG SHIPPING: SECTOR TRENDS & OUTLOOK The panel will discuss the latest trends, developments and outlook in the LPG shipping sector focusing, among other, on demand and supply fundamentals, the global energy markets, operational and commercial issues, freight rates, asset values, and more. Moderator:Mr. Ben Nolan, Head of Maritime Research – Stifel Panelists: Mr. Ben Martin, CCO – Avance Gas (OSLO: AVANCE) Mr. John Lycouris, CEO – Dorian LPG (LPG) Mr. Charles Maltby, CEO – Epic Gas Ltd. (OSLO: EPICME) Mr. Jens Ismar, Executive Director Shipping – EXMAR (EBR: EXM)

DAY 2 – WEDNESDAY, MARCH 3, 2021 THE FLEET RENEWAL CHALLENGE – OPTIONS FOR THE EXISTING FLEET & BUILDING THE SHIPS OF THE FUTURE Fleet maintenance and fleet renewal are key issues shipowners deal with today, while observing environmental regulations and expectations set by their charterers and trading partners. At the same time, there is no clarity or certainly on optimal fuel and engine types and vessel designs for the ships of the future. Furthermore, increased competition among shipyards offering attractive packages adds to the newbuilding dilemma. This panel will discuss options and alternative strategies available to shipowners, as well as initiatives developed by fuel producers and charterers.  Moderator:Mr. Knut Ørbeck-Nilssen, CEO – DNV Maritime Panelists: Mr. George Wells, Global Heads of Assets & Structuring – Cargill Mr. Gary Vogel, CEO – Eagle Bulk Shipping (EGLE) Mr. Torsten Pedersen, Chief Operating Officer – Seaspan Co

DAY 1 – TUESDAY, MARCH 2, 2021 OPENING REMARKS  Ms. Christa Volpicelli, Managing Director & Head of Maritime Investment Banking – Citi; Conference Co-Chairman Mr. Nicolas Bornozis, President – Capital Link

DAY 2 – WEDNESDAY, MARCH 3, 2021 INDUSTRY & CAPITAL MARKETS STRATEGY FOR SMALL CAP COMPANIES Shipping, one of the most competitive global industries, is known for its fragmentation. Smaller and mid-sized companies can compete on equal footing with larger companies. The panel will discuss the business development strategies of publicly listed small cap shipping companies and their strategy to leverage their public listing to raise capital and grow. Moderator:Mr. Tate Sullivan, Research Analyst – Maxim Group LLC Panelists: Mr. Tasos Aslidis, CFO – Euroseas & Eurodry (ESEA & EDRY) Mr. Anthony Argyropoulos, CFO – Performance Shipping Inc. (PSHG) Mr. Henry Williams, CFO – Pyxis Tankers (PXS)