Key Challenges & Opportunities in Dry Bulk Shipping


PRESENTED BY

                    


THURSDAY, FEBRUARY 2, 2012, 11:00 AM ET

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

DURATION: 45 MINUTES FOLLOWED BY Q&A SESSION

LISTEN TO OUR EXPERT PANELISTS LIVE FROM YOUR OWN DESK..




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OVERVIEW

Analysts predict that 2012 will be as volatile of a year for the dry bulk sector as in 2011, in which an overwhelming supply of new carriers entered the market. Furthermore, with banks incorporating stringent lending practices, vessel owners are finding it increasingly difficult to secure financing for their projects. In light of such developments, what does the future hold for the dry bulk industry?

The latest chapter of the Capital Link Webinar Series brings together three leading industry executives who will address today's challenges and outlook for the dry bulk sector, their respective rationale behind long term optimism toward supply and demand fundamentals, and why investors should not turn a blind eye to the group.

    Key discussion topics:
  • Measuring the Supply and Demand Gap Among Vessel Classes
  • Determining the Potential Demand Catalysts
  • Outlook for the Major Dry Bulk Commodities: Iron Ore, Thermal and Coking Coal and Grain
  • 2011 Review and Outlook for Vessel Deliveries, Scrapping, and Slippage
  • Availability of Bank Financing and its Short Term Impact on Supply
  • Assessing M&A Activity: Is Now the Right Time to Purchase Dry Bulk Assets?



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


MODERATED BY: Mr. Ben Nolan, Director and Head of Shipping Research, Knight Capital Group


FEATURED PANELISTS

Mr. Georgios Karageorgiou, President and Chief Executive Officer, Globus Maritime Limited (NASDAQ: GLBS)
Ms. Fotini Karamanlis, Chief Executive Officer, Hellenic Carriers Limited (AIM:HCL)
Mr. Dale Ploughman, Chairman and Chief Executive Officer, Seanergy Maritime Holdings (NASDAQ:SHIP)



PANEL STRUCTURE

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 dry bulk 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 questions@Capitallink.com.

The Key Challenges & Opportunities in Dry Bulk Shipping 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



TRANSCRIPT

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.


WHO SHOULD ATTEND?

Buy Side Analysts and Portfolio Managers - Chief Investment Officers - Chief Risk Officers - Commercial Bankers - 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) o Retail Brokers - Sell Side Analysts - Ship Brokers - Ship Charterers - Ship Operators - Ship Owners - Sovereign Wealth Funds


BIOS

Ben Nolan
Director & Head of Shipping Research
Knight Capital Group


Ben Nolan joined Knight Capital in April 2011 and serves as director and head of shipping research covering tanker, dry bulk, container, and specialty shipping companies with a focus on both equity and debt capital. Mr. Nolan previously spent six years working at Jefferies & Company in Houston, TX most recently in the roll of Vice President following equity within the shipping sector. Prior to Jefferies, Mr. Nolan worked as corporate financial analyst for EOG Resources developing a background in the oil and gas business. Mr. Nolan graduated from Texas A&M University with a Bachelor of Business Administration in Finance in 2000 and received his Master of Business Administration from the Bauer College of Business at the University of Houston in 2003. Mr. Nolan is also a CFA charterholder.


Georgios Karageorgiou
President & Chief Executive Officer
Globus Maritime Limited


Georgios ("George") Karageorgiou is a Class I director and has served as Globus Maritime Limited Chief Executive Officer since inception and was appointed President in 2011. Mr. Karageorgiou worked from 1992 to March 2004 as a director for Stelmar Shipping Ltd, a shipping company listed on the New York Stock Exchange between 2001 and 2004, and for a short period he also served as corporate secretary. Mr. Karageorgiou worked as a projects engineer for Kassos Maritime Enterprises from 1990 to 1992. Mr. Karageorgiou was also a director of easyGroup Ltd, easyJet Holdings Ltd, easyInternetCafe Ltd, easyCruise Ltd, Stelinvest Corp. and a number of other easyGroup subsidiaries from 1995 through March 2005. Mr. Karageorgiou holds a B.E. in Mechanical Engineering and an M.E. in Ocean Engineering from Stevens Institute of Technology and an M.Sc. in Shipping Trade and Finance from City University Business School.


Fotini Karamanlis
Chief Executive Officer
Hellenic Carriers Limited


Ms. Karamanlis is responsible for strategy, vessel acquisitions, chartering and financing. Ms. Karamanlis has 16 years shipping experience and has been with companies associated with HCL since 1999. From 1998 to 1999, Ms. Karamanlis worked on the Sale and Purchase Department of Galbraiths Shipbrokers in London and before that she practiced as a shipping lawyer with Norton Rose in London and Greece.

Ms. Karamanlis qualified as a Solicitor of the High Court of England and Wales in 1997 and is a member of the legal committee of the Association of Greek Ship-Owners. Ms. Karamanlis is an independent Non-executive Member of the Board of Directors of Piraeus Bank S.A., a company listed on the Athens Stock Exchange and a member of the Board of Directors of the Karamanlis Foundation.

Ms. Karamanlis holds a law degree from the University of Athens and a Master's Degree (LLM) from the University of Cambridge.


Dale Ploughman
Chairman & Chief Executive Officer
Seanergy Maritime Holdings


Dale Ploughman has served as a member of Seanergy's board of directors and Chief Executive Officer since May 20, 2008 and as the Chairman of board of directors since July 21, 2010. He has over 46 years of shipping industry experience. From 1999 to 2011 Mr. Ploughman was the Chairman of the Bahamas Ship Owners Association, and from 2000 to 2005 he was the chairman of South African Marine Corporation (Pty) Ltd., a dry bulk shipping company based in South Africa. In addition, from 2005 to 2010, Mr. Ploughman served as president, chief executive officer and director of Golden Energy Marine Corp. Mr. Ploughman also serves as president and chief executive officer of numerous private shipping companies controlled by members of the Restis family. From 1989 to 1999, Mr. Ploughman was the president of Great White Fleet, a fleet owned by Chiquita Brands International Inc., which was one of the largest shipping carriers to and from Central America. Mr. Ploughman has previously worked as president and chief executive officer of Lauritzen Reefers A.S., a shipping company based in Denmark, the managing director of Dammers and Vander Hiede Shipping and Trading Inc., a shipping company based in the Netherlands and as the chairman of Mackay Shipping, a shipping company based in New Zealand. He holds degrees in Business Administration and Personnel Management and Master's level Sea Certificates and was educated at the Thames Nautical Training College, HMS Worcester.


ABOUT KNIGHT CAPITAL GROUP

Knight Capital Group is a dynamic capital markets firm providing market access and trade execution services across multiple asset classes to buy-side, sell-side and corporate issuer clients.

Knight was founded in 1995 as an execution destination for online broker-dealers. Today, Knight is the leading source of off-exchange liquidity in U.S. equities and have greater share volume than any U.S. exchange.

Knight's hybrid market model offers clients multiple electronic and voice access options to the global capital markets allowing firms to trade according to individual preferences and requirements. In addition to U.S. equities, Knight is growing volumes in fixed income, foreign exchange, futures, options and derivatives.

Headquartered in Jersey City, NJ, Knight has offices across North America as well as a growing international presence in Europe and Asia. The firm has four operating business segments, Market Making, Institutional Sales and Trading, Electronic Execution Services and Corporate and Other.

Knight (NYSE Euronext: KCG) trades on the New York Stock Exchange in the United States and NYSE Euronext In Europe.


ABOUT GLOBUS MARITIME LIMITED

Globus Maritime Limited is a drybulk shipping company, providing marine transportation services on a worldwide basis.

The Company was incorporated on July 26, 2006 in Jersey to consolidate our founders' ship-owning and ship-management interests and has executive offices in Athens, Greece. On November 24, 2010, Globus Maritime Limited redomiciled into the Republic of the Marshall Islands.

Globus is a vertically integrated shipping company that owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes worldwide. Globus' current fleet consists of two Panamax, one Kamsarmax and four Supramax vessels.

Globus' operations are managed by its wholly-owned subsidiary, Globus Shipmanagement Corp., out of Athens, Greece. Globus' in-house commercial and technical management teams focuses exclusively on its vessels.

Globus' primary objective is to grow its fleet through timely and selective acquisitions of modern vessels in a manner that Globus believes will provide an attractive return on equity and will be accretive to its earnings and cash flow based on anticipated market rates at the time of purchase.

The Company is listed on the Nasdaq Global Market under the ticker symbol "GLBS".


ABOUT HELLENIC CARRIERS LIMITED

Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of five vessels, comprising three Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 303,141 dwt and a weighted average age of 15.9 years plus two new building vessels currently on order, both Kamsarmaxes with an aggregate carrying capacity of about 164,000 dwt. Following the delivery of the two Kamsarmax vessels, the Company will manage through Hellenic Shipmanagement Corp. a fleet of seven dry bulk carriers comprising two Kamsarmaxes, three Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of about 467,141 dwt and a weighted average age of 12.5 years (as of 31 March 2013).

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.


ABOUT SEANERGY MARITIME HOLDINGS

Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers. The Company's current fleet consists of 20 drybulk carriers (four Capesize, three Panamax, two Supramax, one Handymax and ten Handysize vessels) with a total carrying capacity of approximately 1,295,594 dwt and an average fleet age of 14 years.

The Company's common stock trades on the NASDAQ Global Market under the symbol "SHIP".


ABOUT CAPITAL LINK

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:
  • www.CapitalLinkShipping.com: 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.
  • Weekly Capital Link Shipping eNewsletter: Weekly distribution to an extensive audience in US & European shipping investor community.
  • Sector Forums & Webinars: Periodically, we organize panel discussions among CEOs and analysts on various shipping sectors (containers, dry bulk, tankers) and on other topics of interest.
  • Capital Link Investor Shipping Forums: in New York, Athens and London, which bring together investors, financial advisors, listed companies CEOs, analysts, and shipping industry participants.
  • www.MaritimeIndices.com: Capital Link Maritime Indices: Capital Link developed and maintains a series of stock market maritime indices which track the performance of U.S. listed shipping stocks (CL maritime Index, CL Dry Bulk Index, CL Tanker Index, CL Container Index, CL LNG/LPG Index, CL Mixed Fleet Index, CL Shipping MLP Index - Bloomberg page: CPLI).


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For more information on webinar sponsorship opportunities, please contact Eleni Bej at ebej@capitallink.com or call +1 212 661-7566.

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