The Container Market:
2012 Prospects, Challenges & Outlook



TUESDAY, JANUARY 24, 2012, 11:00 AM ET

(4:00 PM LONDON) (5:00 PM PARIS) (6:00 PM ATHENS) (11:00 PM HONG KONG)





The 30-year Compound Annual Growth Rate for the global container trade is 9.5% and, despite the challenging macro environment, it is expected that the industry will continue to grow over the long term. This latest installment of the Capital Link Webinar Series will explore the supply and demand trend, along with current asset values and freight rates, the sales and purchase market, and access to capital-all key factors affecting the container market today. Panelists will also share their thoughts on what the current European debt crisis means for container growth and what they expect the future to hold for the industry.

    Key topics include:
  • Containership Market Year in Review - 2011
  • Containership Market Outlook for 2012 - Demand & Supply Fundamentals
  • Asset Values and Freight Rates
  • Bank Financing and Capital Markets
  • Sales & Purchase Market
  • State of the Liner Trade and Counterparty Risk
  • The Orderbook/Cascade Effect
  • Current stock market valuation levels

INTRODUCTORY REMARKS BY: Mr. Nicolas Bornozis, President - Capital Link, Inc.

MODERATED BY: Mr. Michael Webber, CFA, Vice President & Senior Equity Research Analyst. Wells Fargo Securities, LLC


Dr. John Coustas, President & CEO, Danaos Corporation (NYSE: DAC)
Mr. Aristides Pittas, Chairman & CEO, Euroseas Ltd., (NASDAQ:ESEA)
Mr. John Dragnis, Commercial Director, Goldenport Holdings (LSE:GPRT)


The webinar will consist of a roundtable discussion with one moderator and three panelists who will address the current shipping environment, financing, and outlook for the container sector. The webinar will last for a total of one hour. 45 minutes will be allotted for the panel discussion, which will be followed by a 15-minute Q&A session.

Q&A SESSION - Submitting Questions

Participants can submit questions to the panelists prior to or during the event through the special feature on the event page, or they can email them to us at

The Container Market: 2012 Prospects, Challenges & Outlook webinar is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm with a strategic focus on shipping.

A Free and Invaluable Resource

This webinar will also be available on demand at any time after the live broadcast


A transcript of the panel discussion will be publicly available at no cost within approximately 48 hours after the event. Those who are interested can request a copy when they register for the event or afterwards through the event page as indicated.


Buy Side Analysts and Portfolio Managers - Chief Investment Officers - Chief Risk Officers - Commercial Bankers o Energy & Commodities Traders - Financial Advisors - Financial Planners - Hedge Fund Managers - Institutional Sales - Investment Bankers - Law Firms - Private Bankers - Private Equity Firms - Registered investment Advisors (RIAs) - Retail Brokers - Sell Side Analysts - Ship Brokers - Ship Charterers - Ship Operators - Ship Owners - Sovereign Wealth Funds


Michael Webber
Vice President & Senior Equity Analyst
Wells Fargo Securites

Michael Webber rejoined Wells Fargo Securities in 2010 as a vice president and Senior Equity Analyst covering the Ocean Shipping Sector. Prior to joining the company, Mike was a senior member of Deutsche Bank Securities' transportation equity research team, with lead responsibility for the ocean shipping and equipment leasing sector.

Prior to Deutsche Bank, Mike was a senior associate on Wells Fargo's transportation research team from 2006 to 2009. Mike began his career in financial services as a product analyst with Legg Mason. Mike is a graduate of the University of Virginia and holds the CFA designation.

Dr. John Coustas
President & CEO
Danaos Corporation

Dr. John Coustas is President and Chief Executive Officer of Danaos Corporation. He has over 25 years of experience in the shipping industry and assumed management of Danaos in 1987 from his father, Dimitris Coustas, who founded Danaos Shipping in 1972.

Dr. Coustas is Vice Chairman and a member of the board of directors of The Swedish Club and Chairman of the board of directors of HELMEPA (Hellenic Maritime Protection Agency). Additionally, he is on the board of directors of both the Union of Greek Ship-owners and the Cyprus Union of Ship-owners. He holds a degree in Marine Engineering from National Technical University of Athens as well as a Master degree in Computer Science and a Ph.D in Computer Control from Imperial College, London.

Aristides J. Pittas
Chairman & CEO
Euroseas Ltd.

Aristides J. Pittas has been a member of our board of directors and our Chairman and CEO since our inception on May 5, 2005. Since 1997, Mr. Pittas has also been the President of Eurochart S.A., our affiliate.

Eurochart is a shipbroking company specializing in chartering and selling and purchasing ships. Since 1997, Mr.Pittas has also been the President of Eurotrade, a ship operating company and our affiliate. Since January 1995, Mr. Pittas has been the President and Managing Director of Eurobulk Ltd., our affiliate. He resigned as Managing Director in June 2005. Eurobulk is a ship management company that provides ocean transportation services. From September 1991 to December 1994, Mr.Pittas was the Vice President of Oceanbulk Maritime SA, a ship management company. From March 1990 to August 1991, Mr.Pittas served both as the Assistant to the General Manager and the Head of the Planning Department of Varnima International SA, a shipping company operating tanker vessels.

From June 1987 until February 1990, Mr. Pittas was the head of the Central Planning department of Eleusis Shipyards S.A. From January 1987 to June 1987, Mr. Pittas served as Assistant to the General Manger of Chios Navigation Shipping Company in London, a company that provides ship management services. From December 1985 to January 1987, Mr. Pittas worked in the design department of Eleusis Shipyards S.A. where he focused on shipbuilding and ship repair. Mr. Pittas has a B.Sc. in Marine Engineering from University of Newcastle M Upon-Tyne and a MSc in both Ocean Systems Management and Navel Architecture and Marine Engineering from the Massachusetts Institute of Technology.

Mr. John Dragnis
Commercial Director
Goldenport Holdings

John was appointed as the Commercial Director of the Company on Admission.

During the last six years since the Company's IPO, John has spent considerable amount of his time developing the business and identifying opportunities for fleet expansion through the acquisition of new building and second-hand vessels. Major competences include the maintenance of existing relationships and the establishment of new ones with major global Charterers. He led the new-building program of Goldenport by expanding the ship-yards portfolio, especially in the Far East. His role was pivotal in the strengthening of the Goldenport brand.

In addition to his normal duties, prior to the IPO, he was also involved in setting up and managing a super-yachts management and chartering business.

He holds a degree in Business Administration and a Masters degree in Shipping, Trade and Finance from CASS Business School, London.


Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores and 12,000 ATMs and the Internet ( and across North America and internationally. We're headquartered in San Francisco, but we're decentralized so every local Wells Fargo store is a headquarters for satisfying all our customers' financial needs and helping them to succeed financially. One in three households in America does business with Wells Fargo. Wells Fargo has $1.2 trillion in assets and more than 278,000 team members across our 80+ businesses. We ranked fourth in assets and second in market value of our stock among our U.S. peers as of September 30, 2010.


Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 59 containerships aggregating 291,149 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted fleet of 6 additional containerships aggregating 74,030 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".


Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas trades on the NASDAQ Global Market under the ticker ESEA since January 31, 2007.

Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas' operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.

The Company has a fleet of 16 vessels, including 4 Panamax drybulk carriers and 1 Handymax drybulk carrier, 3 Intermediate containership, 5 Handysize containerships, 2 Feeder containerships and a multipurpose dry cargo vessel. Euroseas` 5 drybulk carriers have a total cargo capacity of 331,808 dwt, its 10 containerships have a cargo capacity of 17,787 teu and its multipurpose vessel has a cargo capacity of 22,568 dwt or 950 teu.


Goldenport is an international shipping company that owns and operates a fleet of container and dry bulk vessels that transport cargo worldwide. Goldenport is listed on the London Stock Exchange under the ticker GPRT.


Capital Link is a New York-based Investor Relations and Financial Communications firm. Capitalizing on our in-depth knowledge of the shipping industry and capital markets, Capital Link has made a strategic commitment to the industry becoming the largest provider of Investor Relations and Financial Communications services to international shipping companies listed on the US and European Exchanges. Capital Link's headquarters are in New York with a presence in London and Athens.

In our effort to enhance the information flow to the investment community and contribute to improving investor knowledge of shipping, Capital Link has undertaken a series of initiatives beyond the traditional scope of our investor relations activity:
  • A web based resource which provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants. The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.
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