Not too long ago, shipowners only had to know the broad concepts of a first preferred ship mortgage and would secure a shipping loan on a handshake; for more ambitious among them, the capital horizon was broad enough to include IPOs.
Today shipping finance has evolved, bringing new terms in the shipping vocabulary; terms such as junior debt, mezzanine, junior equity, convertible, waterfalls, leasing, alternative funds, sale & leaseback structures, shipping bonds and more. When a shipping loan is out of the question (more often than not), the capital structure gets more complicated where debt comes in tranches (senior and junior), equity in slices (proper and junior), and creditors can get cash, PIK or have the right to become equity holders (convertible). With shipping banks curtailing their activities in shipping, alternative forms of credit moved aggressively to fill the funding gap; from private equity funds and joint ventures, to credit funds and Chinese Leasing. The shipping finance model had to undergo necessary fine-tuning to adjust for realistic market conditions and returns; excess market speculation is out, need-driven financing is in.
In an ever-changing world, competitively priced financing for this capital intensive industry is the secret of success. Whether obtaining financing for legacy transactions or securing financing to expand one’s fleet, from private investors to accessing the capital markets for equity and debt, shipping finance is a topic that a modern, successful shipowner has to master.
Organized by Slide2Open, in association with Boussias Communications, the Slide2Open Shipping Finance 2018 aims at producing tangible results, while providing delegates with valuable financial and commercial insight into activities, offerings, best practices and trends. The conference organizers, speakers, presenters and panelists all have considerable expertise and success stories to share. The conference will take place in Athens, Greece and will include:
The Conference is addressed to shipowners and top executives in shipping, transport, trade and law firms as well as top executives of the banking, investment and financial sector. By bringing together the two sides of Shipping Finance, and through a combination of keynote speeches, panel discussions, one-to-one interviews, private meetings and parallel events, delegates will discuss their activities, expectations and practices when transacting in shipping.
Welcome to the world of modern shipping finance!
Welcome to the Slide2Open Shipping Finance 2018!
Portfolio Manager - Asset Backed Investments
Senior Shipping Industry Advisor
Member of the Organizing Committee
Professional Wealth Management at Financial Times
Executive Manager, Bocomm Shipping Leasing (Europe)
An affiliate of Bank of Communications Finance Leasing Co., Ltd.
President of Corporate Financing and Ship Financing
Department of Business Administration, University of Hamburg
Incoming Chairman of the Baltic Exchange
Senior Director, SSY Futures Ltd.
Standard Bulk Transport Corp.
Senior Vice President Global Loan Syndicate
Chair of the Organizing Committee
Karatzas Marine Advisors & Co.
Shipowner & President
International Chamber of Commerce (ICC-Hellas)
Group’s Business Development Manager
NJ Goulandris Maritime Inc.
Managing Director, Anangel Maritime Services Inc.
Clarkson Research Services Ltd.
Tsavliris Salvage Group
To be announced shortly...
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