Shipping Forum Podcast

DAY 2 – WEDNESDAY, MARCH 3, 2021 CAPITAL MARKETS & SHIPPING Moderator:Mr. Keith J. Billotti, Partner, Co-Head of Capital Markets Group – Seward & Kissel LLP   Panelists: Ms. Christa Volpicelli, Managing Director, Global Transportation Group – Citi Mr. James T. Cirenza, Managing Director – DNB Markets, Inc. Mr. Larry Glassberg, Partner & Senior Managing Director, Investment Banking – Maxim Group LLC Mr. Chris Weyers, Managing Director, Head of Maritime Investment Banking – Stifel

IS GERMANY BECOMING THE EUROPEAN HUB FOR ALTERNATIVE FINANCE FOR GLOBAL SHIPPING?An increasing number of international credit providers establish an operating presence in Germany, taking advantage of the footprint and resources of the German maritime cluster, providing access to a multitude of non-bank alternative finance credit sources. The panel will discuss the reasons behind this trend as well as the product offerings by the various providers.Moderator: Dr. Clemens Hillmer, Partner, Watson Farley & Williams LLPPanelists: Mr. Elias Sakellis, CEO - Australis Maritime Mr. Cruise Chi, Executive Managing Director - Bocomm Shipping Leasing (Europe) GmbH Mr. Axel Siepmann, Managing Director - Braemar Naves Mr. Martin Hugger, Managing Director - Meerbaum Capital Solutions Mr. Maximilian Otto, Co-Founder & Managing Director - Oceanis Mr. Oliver Faak, Partner & Head of Europe - Transport Capital

THE GERMAN MARITIME CLUSTER - PAST - PRESENT - FUTURE The German Maritime Cluster has – to a significant extent – operated in a survival mode for the last 10 years, constantly fighting off the challenges that persisted from the height of the cycle. However, a number of key players of the German Maritime Cluster emerged as Winners and have positioned themselves as leading players in the global shipping industry. So, what makes todays and future Winners in Shipping? Consolidation, innovation, embracing new technology but also leadership and trust from all stakeholders? The panel will discuss winning strategies, main challenges ahead and how the German Maritime Cluster through cooperation and dialogue can produce more Winners.  Moderator: Mr. Thomas Mazur, Partner - Deloitte GmbHPanelists: Mr. Thomas Rehder, Managing Partner - Carsten Rehder GmbH & Co.; President - European Community Shipowners' Associations 2014-2015 Mr. Michael Vinnen, Managing Partner - F.A. Vinn

WELCOME REMARKS Mr. Knut Ørbeck-Nilssen, CEO - DNV GL Maritime, Conference ChairmanMr. Nicolas Bornozis, President - Capital Link

GERMAN SHIPMANAGEMENT - WHAT'S NEXTThe German shipmanagement market has gone through significant transformation over time. Major German firms have developed a global footprint offering shipmanagement services from industry hubs around the globe, while smaller German companies have been acquired by their global competitors. Besides discussing the latest trends and challenges in shipmanagement, the panel will also address critical topics such as how Germany can serve as a shipmanagement hub, whether the focus can be regional or global and how German firms can compete in this global business.Moderator: Mr. Pino Spadafora, Marine Commercial Senior Director - RINAPanelists: Mr. Mark O'Neil, President - Columbia Shipmanagement, President - InterManager Mr. Tim Ponath, CEO - NSB Group Mr. Ian Beveridge, CEO - Schulte Group Mr. Franck J. Kayser, CEO, Ship Management - V. Group Dr. Michael Silies, CEO - Wilhelmsen Ahrenkiel Shipmanagement Mr. Rob Grool, CEO - Zeaborn Ship

THE EVOLUTION OF GERMAN BANK SHIP FINANCE The number of German ship financing banks has decreased over the past years. The panel will discuss how the few banks still active in this segment have defined their focus on certain segments of the business and what their expectations are for this business in 2021. Challenges will certainly include the effects of Covid-19 as well as trends of environmental and social governance and "green finance" but also the evolving regulatory framework and entering into force of "CRR II".  Moderator: Dr. Carolin Schmeding, Partner – EHLERMANN RINDFLEISCH GADOW Panelists: Mr. Philipp Wuenschmann, Global Head of Shipping - Berenberg Dr. Marco Albers, Head of Transport & Export Finance - DekaBank Deutsche Girozentrale Mr. Ilias Katsoulis, Head of Shipping - Structured Credit - Deutsche Bank Mr. Jan-Philipp Rohr, Global Head of Shipping - Hamburg Commercial Bank Mr. Sebastian Blum, Director Maritime Industries - KFW IPEX-Bank Mr

ADDRESSING THE GLOBAL LOGISTICS & SUPPLY CHAIN CHALLENGEModerator: Mr. Jan-Olaf Probst, Executive Vice President - DNV GLPanelists: Mr. Mark Frese, CFO  - Hapag Lloyd Mr. Horst Joachim Schacht, Executive Vice President Sea Logistics - Kuehne Nagel Mr. Christian Koopmann, Managing Director - PWL Group; President - German Shipbrokers Association

NAVIGATING THROUGH INDUSTRY TRANSFORMATION - THE GERMAN SHIPOWNERS VIEWPOINT - Green Shipping - Technology & Digitalization - Fleet Renewal - Regulation - Geopolitics - Implications for Shipping Companies and InvestorsThis panel features leading shipowners sharing their insight on risks and opportunities across major shipping sectors, and on critical industry issues such as regulations, technology, access to capital and more. The panel will also debate investment opportunities across the various market segments.Introductory Remarks: TACKLING GLOBAL TRANSFORMATIONMr. Knut Ørbeck-Nilssen, CEO - DNV GL MaritimePanel Discussion:Moderator: Mr. Knut Ørbeck-Nilssen, CEO - DNV GL MaritimePanelists: Mr. Nicolaus Bunnemann, CEO - Atlantic Lloyd Mr. Lucius Bunk, Founder & Managing Partner - Auerbach Schiffahrt Mr. Christoph Toepfer, Founder & CEO - Borealis Maritime Dr. Johann Killinger, Managing Partner – Buss Group  Mr. Constantin Baack, CEO -&nb

TRANSITIONING FROM KG TO A NEW PROJECT & ASSET MANAGEMENT MODEL IN SHIPPING The German KG model for ship financing is history. A number of key players in the German market provide a new approach to project and asset management in shipping based on competitive fee and investment structures on the background of the German Maritime Cluster knowhow with sources ranging from IPO’s, institutional investors to high net-worth individuals. The panel will discuss how to meet challenges and expectations of investors today by presenting different business models and strategies, ending with an outlook into the future.  Moderator: Dr. Jan Dreyer, Partner - ARNECKE SIBETH DABELSTEIN Panelists: Mr. Bastian Hagebeuker, Partner - Blue Star Group Mr. Wilke Briese, CEO - Briese Schiffahrts Mr. Christian Rychly, Managing Director, Maritime - MPC Capital Mr. John Wessel, Managing Director - Oldendorff Overseas Investment

HONG KONG AS A LEGAL & ARBITRATION HUB - NEW INITIATIVESThe use of English Common Law has enabled HK to solidify its position as a main arbitration and legal jurisdiction hub in Asia. The panel will discuss developments and the outlook across main areas of the legal services (litigation, deal making, finance and admiralty law), arbitration.Introductory Remarks - Hong Kong Arbitration DevelopmentsMr. Benjamin Wong, Head of Transport & Industrial Sectors - InvestHKModerator: Mr. Dimitris Seirinakis, Head of Claims for Asia, Managing Director, Shanghai - American P&I Club Panelists: Mr. Edward Liu, Legal Director - Hill Dickinson Mr. Arthur Bowring, President - Hong Kong Maritime Arbitration Group Ms. Rosita Lau, Partner - Ince & Co.  Mr Lianjun Li, Partner - Reed Smith Richards Butler LLP Mr. Andrew Rigden Green, Head of Arbitration (Greater China) - Stephenson Harwood

SEAFARERS & CREWING IN THE COVID 19 ERA & BEYOND - HONG KONG INITIATIVESModerator: Mr. Matthew Treadwell,  Vice President, Hong Kong & Taiwan - Lloyd's Register Panelists: Mr. Bjorn Hojgaard, CEO - Anglo-Eastern Univan Group; Chairman - The Hong Kong Shipowners Association Mr. Mark O'Neil, President - Columbia Shipmanagement Captain T.T. Chung, General Secretary - Merchant Navy Officers' Guild - Hong Kong; Fair Practice Committee and FPC Steering Group Member - International Transport Workers' Federation (ITF) Mr. Stephen Cotton, General Secretary - International Transport Workers' Federation (ITF) Mr. Terence Zhao Wei, Founder & Managing Director - Singhai Marine Services

CHARTING CORPORATE STRATEGY IN A FAST-CHANGING INDUSTRYTrade Flows & Focus, Growth & Consolidation, Diversification, Access to CapitalThis panel comprised of senior executives of major Hong Kong based private and publicly listed companies will examine how they address critical operational and strategic issues and prepare for the future. East Asia has been the locomotive for global trade, so does regional trading focus provide a competitive advantage? Should companies focus on single or multiple sectors? Is consolidation feasible or inevitable in a fragmented and increasingly competitive industry? Does size create competitive operational or commercial advantages? How can they optimize their access to capital?Moderator: Mr. Nicolas Brown, Communications Director - Bureau Veritas Marine & Offshore Panelists: Mr. Mark Young, CEO - Asia Maritime Pacific Mr. Ding Lei, Deputy General Manger - China Merchants Energy Shipping Co., Ltd.   Mr. Yang Xianxiang, Vice Chairman

NAVIGATING THROUGH INDUSTRY TRANSFORMATIONGreen Shipping - Technology & Digitalization - Fleet Renewal - Regulation - Geopolitics - Implications for Shipping Companies and InvestorsShipowners need to renew their fleets against the backdrop of uncertainly regarding regulations, fuel types and engines. At the same time, the industry needs to comply with specific targets and timetable for carbon emissions reduction. Furthermore, issues related to Sustainability, Human Resources and Governance are among factors charterers look at in choosing their business partners. This panel will address the hot, practical, short and longer term challenges the industry is facing today, issues that every owner small or big has to face and address.Moderator: Mr. Norbert Kray, Regional Manager Greater China - DNV GLPanelists: Mr. Bing Chen, President & CEO - Atlas Corp.  Mr. Vikrant Bhatia, CEO - KC Maritime Hong Kong Mr. Mats Berglund, CEO/Executive Director - Pacific Basin Shipping Ltd. Mr.

HONG KONG AS A FINANCING & CAPITAL RAISING HUBHong Kong has been one of the world's most important financial centers. The panel will discuss Hong Kong's role as a financial hub where international shipping companies can tap into bank financing, alternative financing, leasing and private equity while international investors can tap into opportunitiesModerator: Mr. Edward Liu, Legal Director - Hill DickinsonPanelists: Mr. James Tong, Managing Director, Head, Asia Pacific & Japan, Global Shipping & Logistics, Head of Diversified Industrials China - Citi Mr. Jack Xu, Deputy Head of Shipping - CMB Financial Leasing Co. Mr. Kenneth Lam - Managing Director - Credit Agricole CIB Mr. Julian Proctor, Managing Director - EnTrust Global Mr. Gautam Khurana, CFO - Precious Shipping

WELCOME REMARKSMr. Nicolas Bornozis, President - Capital Link HONG KONG’S MARITIME COMMUNITY – LOOKING THROUGH THE HOURGLASS – A JOURNEY IN TIMEA travel through time - Looking back before we look forward. Taking stock of how HK came to the present point, how and why it has become an international shipping center. Take lessons for the future. An introductory presentation and a roundtable discussion with owners who shared in the history and participated in the process.Introductory Presentation:Mr. Tim Huxley, CEO - Mandarin ShippingRoundtable Discussion: Mr. Tim Huxley, CEO - Mandarin Shipping Mr. Richard Hext, Chairman - Vanmar Shipping; Chairman - Hong Kong Maritime Museum Mr. Kenneth C.K. Koo, Group Chairman & CEO – TCC Group Mr. Hing Chao, Executive Chairman - Wah Kwong Maritime Transport Holdings

KEYNOTE ADDRESS Mr. Chan Fan, Frank JPSecretary for Transport & Housing - The Government of the Hong Kong Special Administrative RegionChairman - Hong Kong Maritime and Port Board

MANAGING A GLOBAL FLEET OUT OF HONG KONG - WHAT'S NEXT FOR SHIPMANAGEMENTA discussion among leading third-party ship managers and shipping companies with inhouse management on how they are handling today's challenges and preparing for the future. The panel will also discuss the infrastructure, resources and advantages of Hong Kong as an operating center. It will address lessons learned from the COVID-19 experience and how these are likely to impact shipping operations after the pandemic. Also, the preparedness of the industry to meet rapid changes changing place across all areas of shipping operations, crewing, communications, procurement, port complications, shipyard delays, charter disputes, and more.Moderator: Mr. Mario Moretti, Asia Marine Senior Director - RINAPanelists: Mr. Peter Cremers, Chairman - Anglo-Eastern Group; Vice-President - BIMCO Captain Firoze Mirza, Managing Director – Bernhard Schulte Shipmanagement  Mr. Angad Banga, Chief Operating Officer - Car

Maritime Education – Encouraging a Maritime Career for the Younger Generation Human Capital and Shipping Moderator: Mr. George Gourdomichalis, President & Managing Director – Phoenix Shipping & Trading  Panelists: Mr. Vasilis Papagiannopoulos, Director – Common Progress Co Mr. Yannis Golias, Professor – National Technical University of Athens (NTUA); Senior Advisor, Publishing Department – Eugenides Foundation Professor Dinos Arcoumanis, Chairman of the Academic Board – Metropolitan College; Former Vice-President of City University of London  Professor Michael Tamvakis, Professor of Commodity Economics and Finance – The Business School (formerly Cass)  Mrs. Venetia Kallipolitou, Tsakos Group Maritime Training and Education Advisor –Tsakos Columbia Shipmanagement S. A.

Closing Remarks Mr. Anastassios Papagiannopoulos, Principal – Common Progress Co., President BIMCO 2017-2019 Mr. John Platsidakis, Chairman – INTERCARGO, 2012-2018 Mr. Nicolas Bornozis, President – Capital Link

Shipping & Capital – Alternative Sources & Options – The Public / Private Dilemma Shipping remains a fragmented business and is a highly capital-intensive business needing continuous access to equity and debt capital. The panel will discuss how the changing landscape of capital availability impacts bigger and smaller shipowners. It will discuss where they can source debt or equity capital (global, Greek and regional banks, Asian finance, credit funds) and will also debate the public/private dilemma. Moderator:Mr. Panos Katsambas, Partner – Reed Smith Panelists: Mr. George Youroukos, Executive Chairman – Global Ship Lease; CEO – Technomar Mr. Aristides Pittas, CEO – Euroseas & Eurodry Mr. Michael Chalkias, Co-Founder & Co-CEO – Prime Marine Mr. Valentios (Eddie) Valentis, CEO – Pyxis Tankers