Shipping Forum Podcast

Day 2 TRANSPARENCY AND ACCOUNTABILITY AS THE FOUNDATION FOR OPERATIONAL EXCELLENCE  Mr. Matt Heider, CEO - Nautilus Labs

Day 1 NAVIGATING TODAY'S LEGAL MAELSTROMIMO 2020, Sanctions, Tariffs and COVID-19 have created a new set of complexities, translating into myriad insurance and legal issues. The panel will address the main areas legal issues and claims and how to navigate past them.  Moderator: Mr. Joseph E. Hughes, Chairman & CEO - American Club Panelists: Ms. Beth Bradley, Partner - Hill Dickinson Ms. Sally-Ann Underhill, Partner - Reed Smith Mr. Bruce Paulsen, Partner - Seward & Kissel LLP Ms. Dora Mace - Kokota, Partner - Stephenson Harwood Mr. John Kissane, Partner - Watson Farley & Williams LLP.

Day 2 DIGITALIZATION & TECHNOLOGICAL (R)EVOLUTIONShipping companies as well as stakeholders throughout the logistics chain expedite the use of technology to optimize cost & increase efficiency. The significance of data analytics in decision making.  Moderator: Mr. Paolo Moretti, CEO - RINA SERVICES  Panelists: Mr. Mark Cameron, Executive V.P. & COO - Ardmore Shipping Corporation Mr. Mark O'Neil, CEO - Columbia Shipmanagement Mr. Alexander Hadjipateras, Executive Vice President, Business Development - Dorian LPG Mr. Olav Nortun, CEO - Thome Group Mr. Stephen MacFarlane, Chief Information Officer - V.Group

Day 1 MANAGING HUMAN RESOURCES DURING THE COVID-19 ERA & BEYONDTravel and port restrictions have increased the challenges related to crewing issues. The panel will discuss the management of mental health during this period. Also, addressing crewing issues during regular ship operations and change of control instances taking into account the viewpoints of all stakeholders.  Moderator: Mr. Benjamin Wong, Head of Transport & Industrial - InvestHK  Panelists: Mr. Bjorn Hojgaard, CEO - Anglo-Eastern Univan Group; Chairman - The Hong Kong Shipowners Association Mr. Salvatore d'Amico, Fleet Director - d'Amico Società di Navigazione S.p.A.; CEO – ISHIMA Pte Ltd Mr. Guy Platten, Secretary General - International Chamber of Shipping (ICS) Mr. Stephen Cotton, General Secretary - International Transport Workers' Federation - ITF H.E. Natasa Pilides, Shipping Deputy Minister to the President - Republic of Cyprus 

SUSTAINABILITY – OPERATIONAL EXCELLENCE & ESG AS A CORPORATE STRATEGYAre Operational Excellence and ESG two different concepts? Market forces, regulatory requirements, charterer, investor and financier expectations propel shipping companies to go beyond minimum compliance requirements adopting ESG and Operational Excellence as a single Corporate Strategy. Moderator: Mr. Nicholas Brown, Brand & Communications Director - Bureau Veritas Marine & Offshore Panelists: Mr. Ted Young, Chief Financial Officer - Dorian LPG  Mr. Øistein Jensen, Chief Sustainability Officer - Odfjell Mr. Jesper S. Jensen, Head of Technical Division - TORM Mr. Paulo Almeida, Chief Investment Officer - Tufton Investment Management Mr. Christos Begleris, Co-Chief Financial Officer - Star Bulk Carriers

2020 14th International Shipping Forum  DAY 1 – MONDAY, MARCH 30, 2020 PRIVATE EQUITY, RESTRUCTURING, M&A, INDUSTRY CONSOLIDATION  Regulatory, technological and market forces have a transformational impact on the shipping industry. Regulation is increasing, charterers and stakeholders in general are more demanding, and there is a need for higher capital investment.  Does this lead to restructuring, M&A and industry consolidation? Is there a PREXIT with Private Equity exiting shipping or are we seeing new entrants into selective projects? Can private equity accelerate the industry’s transformation?  Moderator: Mr. John Imhof, Shareholder - VedderPrice  Panelists: Axel Siepmann, Managing Director - Braemar Naves Michael Kirk, Co-Founder and Managing Director - RMK and Ascension Chris Weyers, Managing Director, Head of Maritime Investment Banking – Stifel Mr. Paulo Almeida, Portfolio Manager, Asset Backed Investments - Tufton Oceanic

2020 14th International Shipping Forum DAY 2 – TUESDAY, MARCH 31, 2020 CAPITAL MARKETS – ARE THEY OPEN TO SHIPPING? The panel will discuss where shipping companies can raise capital (is it New York or Oslo?) and under what type of instrument – common or preferred equity, straight or convertible bonds, baby bonds? Can we expect more IPOs or follow-on offerings? And what is the profile of issuers that can successfully tap the capital markets today?  Moderator: Mr. Steven Hollander, Partner - Watson Farley Williams  Panelists: Christa Volpicelli, Managing Director, Global Transportation Group - Citi Erik Helberg, CEO - Clarksons Platou Securities Theodore Jadick, Jr., Managing Director, CEO and President - DNB Markets, Inc. Nicolas Duran, Director - Partner - Fearnley Securities SA Douglas Mavrinac, Global Head, Maritime Investment Banking - Jefferies LLC

2020 14th International Shipping Forum DAY 1 – MONDAY, MARCH 30, 2020 A US EQUITY MARKET UPDATE Mr. Tobias Levkovich, Managing Director - Citi

2020 14th International Shipping Forum DAY 1 – MONDAY, MARCH 30, 2020 BANK FINANCE & SHIPPING – IS BANK FINANCE STILL THE MAIN PROVIDER OF CAPITAL TO SHIPPING?  The panel will discuss the changing landscape in bank finance, the role of traditional banks and of new market entrants. Also, the interaction between traditional bank finance and Chinese Leasing. Is bank finance still available to medium and small owners and at what cost?  What do the Poseidon Principles mean for the banks and the shipping companies? Moderator: Mr. Hoyoon Nam, Partner - Seward & Kissel  Panelists: Fang Xiuzhi, Head of Shipping Finance - Bank of Communications Financial Leasing Co., Ltd. Shreyas Chipalkatty, Global Head of Shipping - Citi Evan Cohen, Managing Director & Group Head of Maritime Finance - CIT Evan W. Uhlick, Head of Ocean Industries, North America - DNB Bill Guo, Executive Director, Shipping - ICBC Financial Leasing

2020 14th International Shipping Forum  DAY 1 – MONDAY, MARCH 30, 2020 ALTERNATIVE FINANCE – IS IT BECOMING MAINSTREAM FINANCE FOR SHIPPING?  There has been an increasing number of new market entrants with different funding sources (from institutional to individual investors) and credit strategies providing a wide range of financing alternatives to large, medium sized and small owners. FinTech platforms enhance the ability of investors and borrowers to connect. Alternative Finance seems quite available – what are the pros and cons for shipowners?  Moderator: Ms. Amanda Brown, Counsel - Reed Smith  Panelists: Robbert Jan Sougé, Managing Director - Direct Ship Finance Nicolas Duran, Director - Partner - Fearnley Securities AS Ole Hjertaker, CEO - SFL Corporation Ltd. (SFL) Hans Oust Heiberg, Partner - Sole Shipping SO Adviser Ltd Mr. George Cambanis, Managing Director - YieldStreet Marine Finance

2020 14th International Shipping Forum DAY 1 – MONDAY, MARCH 30, 2020 LNG SHIPPING: SECTOR TRENDS & OUTLOOK  Moderator: Mr. Michael Webber, Managing Partner - Webber Research & Advisory  Panelists: Oystein Kalleklev, CEO - FLEX LNG (FLNG) Iain Ross, CEO - Golar LNG (GLNG) Jefferson Clarke, Managing Director, LNG - Poten & Partners Mr. Mark Kremin, President & CEO - Teekay Gas Group Ltd. (TGP)

2020 14th International Shipping Forum  DAY 1 – MONDAY, MARCH 30, 2020 LPG SHIPPING: SECTOR TRENDS & OUTLOOK  Moderator: Mr. Ben Nolan, Managing Director - Stifel Financial Corp. Panelists: Ulrik Uhrenfeldt Andersen, CEO - Avance Gas (NO: AVANCE) John Lycouris, CEO - Dorian LPG (USA) LLC (LPG) Jens Ismar, Executive Director Shipping – Exmar (EBR: EXM) Zahid Afzal, Senior Analyst – LPG, Business Intelligence Team - Poten & Partners

2020 14th International Shipping Forum DAY 1 – MONDAY, MARCH 30, 2020 ANALYST ROUNDTABLE  Moderator: Mr. Aristides Pittas, Chairman & CEO - Euroseas (ESEA) and Eurodry (EDRY)  Panelists: Omar Nokta, Managing Director, Equity Research - Clarksons Platou Securities Randy Giveans, Maritime Shipping Group Head, Equity Analyst - Jefferies LLC Ben Nolan, Managing Director - Stifel Financial Corp. J. Mintzmyer, Lead Researcher - Value Investors Edge Mr. Michael Webber, Managing Partner - Webber Research & Advisory

2020 14th International Shipping Forum  DAY 2 – TUESDAY, MARCH 31, 2020 DRY BULK SHIPPING: Sector Trends & Outlook Moderator: Mr. Randy Giveans, Maritime Shipping Group Head, Equity Analyst - Jefferies LLC  Panelists: Mr. Martyn Wade, CEO - Grindrod Shipping Holdings (GRIN) Mr. Loucas Barmparis, President & Director - Safe Bulkers, Inc. (SB) Mr. Robert Bugbee, President - Scorpio Bulkers Inc. (SALT) Mr. Stamatis Tsantanis, Chairman & CEO - Seanergy Maritime Holdings (SHIP) Mr. Hamish Norton, President - Star Bulk Carriers Corp. (SBLK)

2020 14th International Shipping Forum  DAY 2 – TUESDAY, MARCH 31, 2020 CORONA VIRUS & ITS IMPACT ON SHIPPING Mr. Peter Sand, Chief Shipping Analyst – BIMCO

2020 14th International Shipping Forum  DAY 2 – TUESDAY, MARCH 31, 2020 CHINA – GLOBAL ECONOMY – SHIPPING: NAVIGATING BEYOND THE CORONA VIRUS China has been one of the main pillars of today’s global economy and the locomotive for shipping, given the volume of cargo in and out of Chinese ports. Furthermore, Chinese shipyards pay a leading role for new buildings, dry dockings and vessel retrofits. While significantly below pre-crisis levels, the pace and volume of activity in China and trading with China is slowly rebounding. The panel, which brings together government officials, financiers, shipowners and shipyards from China will discuss how the Chinese economy and the main stakeholders are navigating out of the current crisis and what lies ahead.    Moderator: Mr. Lianjun Li, Partner - Reed Smith Richard Butlers Panelists: Xu Hui, Senior Vice President - China Merchants Energy Shipping James Tong, Managing Director, Head, Asia Pacific & Japan, Global Shippi

2020 14th International Shipping Forum  DAY 1 – MONDAY, MARCH 30, 2020 “FIRE AWAY - ASK NIKOS TSAKOS & LOIS ZABROCKY ANYTHING!” Participants had the opportunity to direclty address their questions to the two Shipowners.  Dr. Nikos Tsakos CEO - Tsakos Energy Navigation (TNP); Chairman INTERTANKO 2014-2018 Mrs. Lois Zabrocky CEO - International Seaways

2020 14th International Shipping Forum  DAY 2 – TUESDAY, MARCH 31, 2020 ONE-ON-ONE DISCUSSION: SHIPPING – QUO VADIS?  Shipping is one of the most vital industries in the world, it is the artery of global trade, as ninety percent of the world’s goods are transported by sea. The industry is now in a stage of transformation with critical questions and uncertainties in the horizon. An in-depth discussion on the current challenges and opportunities in across the industry today. Focusing on the regulatory, geopolitical, technological and financial factors that impact and shape the direction of the industry, including topics such as green shipping and decarbonization, sustainability, ESG considerations and more. Mr. Michael Parker, Chairman of Shipping & Logistics Division - Citigroup Dr. Grahaeme Henderson, Vice President, Shipping & Maritime - Shell International Trading and Shipping Company Limited

2020 14th International Shipping Forum  DAY 2 – TUESDAY, MARCH 31, 2020 “FIRE AWAY - ASK ROBERT BUGBEE & HAMISH NORTON ANYTHING” Forum participants had the opportunity to directly address their questions to both Shipowners. Mr. Robert Bugbee President - Scorpio Bulkers & Tankers  Mr. Hamish Norton President - Star Bulk Carriers Corp.

2020 14th International Shipping Forum   DAY 2 – TUESDAY, MARCH 31, 2020 PRODUCT TANKER SHIPPING: Sector Trends & Outlook  Moderator: Mr. Omar Nokta, Managing Director, Equity Research - Clarksons Platou Securities Panelists: Anthony Gurnee, CEO - Ardmore Shipping Corporation (ASC) Carlos Balestra Di Mottola, CFO- d'Amico International Shipping S.A. (BIT:DIS) Craig Stevenson, CEO - Diamond S Shipping (DSSI) Valentios (Eddie) Valentis, President/CEO - Pyxis Tankers (PXS) Robert Bugbee, President - Scorpio Tankers Inc. (STNG) Jacob Meldgaard, CEO - TORM (TRMD)