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Oslo: Global Ship-Finance Hub
About This Webinar
On the occasion of the 2nd Mare Forum Oslo conference, which is postponed to May 2021, Mare Forum will host an online panel discussion on Oslo's advantages as a global ship-finance hub. The trends and practices, of banking, public, private and alternative ship financing will be discussed and the advantages of the Norwegian ship finance to global shipping clarified.
Our panel of experts will guide you through a web of questions about the trends and practices of Norwegian ship financing.
Agenda
- What are Norway's advantages to the supply of money to the global shipping industry?
- Does the Norwegian DIS market hold strong? What type of investors (syndication or private equity/funds, Norwegian or global) and what assets and structure seem popular these days?
- What are the experiences of using Chinese leasing?
- Is there an opportunity from private equity/funds and what are their preferred project structure?
- What is the future for new buildings' finance in addition to export credits?
- Will the Corona situation change the supply of money to the industry?
- How will the near future of alternative ship finance look like?
- Are the new small banks competitive enough and what are their niches?
- What will be the future role of Norwegian and European global banks?
- What are the experiences and lessons to be learned?
Who can view: Everyone
Webinar Price: $10.00
Featured Presenters
CEO and Owner Cleaves Securities AS
Per Olav Karlsen is CEO and Managing Partner in Cleaves Securities AS which he established in 2006. He is also principal owner of Cleaves Shipbroking.
He held various positions with Fearnleys AS of Norway for 10 years, including that of Managing Director of Fearnley Finans Prosjekt for 4 years. He was President of R S Platou in Singapore for 7 years, and has extensive experience from ship broking including new-building, sale and purchase, chartering and projects. He has furthermore considerable experience in ship-management and vessel operations through management roles and BOD positions in such companies.
In addition to his duties at Cleaves he was resident managing director for Paccship (UK) Ltd from 2001-2006 during which time the company built up a management organisation and financial ownership of 15 vessels. Per Olav moreover served as non-executive Chairman of the Board and Chairman of the Audit Committee in Aries Maritime Transport Ltd (listed on Nasdaq) until July 2008. Per Olav is educated at Copenhagen business School.
He held various positions with Fearnleys AS of Norway for 10 years, including that of Managing Director of Fearnley Finans Prosjekt for 4 years. He was President of R S Platou in Singapore for 7 years, and has extensive experience from ship broking including new-building, sale and purchase, chartering and projects. He has furthermore considerable experience in ship-management and vessel operations through management roles and BOD positions in such companies.
In addition to his duties at Cleaves he was resident managing director for Paccship (UK) Ltd from 2001-2006 during which time the company built up a management organisation and financial ownership of 15 vessels. Per Olav moreover served as non-executive Chairman of the Board and Chairman of the Audit Committee in Aries Maritime Transport Ltd (listed on Nasdaq) until July 2008. Per Olav is educated at Copenhagen business School.
Partner, Simonsen Vogt Wiig
Yannis (Ioannis) Litinas is part of the Shipping Offshore team, and heads the English law team in Simonsen Vogt Wiig.
Yannis is qualified as a Solicitor in England with extensive experience and competence in within shipping, finance and international trade law, practised in London, Athens and Oslo. He is the trusted advisor of major shipping financing and investment houses, financing institutions, ship-owners, investors and funds, and offshore contractors on project finance structures, ship finance, shipbuilding, sale/purchase, chartering, offshore contracting (O&G and energy).
Yannis combines a thorough understanding of both the financing, as well as the operational and commercial elements of shipping transactions, which, together with his communications skills, makes him an excellent advisor in strategising and negotiating project finance, shipbuilding, construction and charter contracts, and negotiating out-of-court dispute resolution on shipping and offshore contracts. Yannis has expertise in contracts for specialised vessels (Rigs, LNGC, FPSO, offshore construction and support), projects and offshore installations. Yannis has a refined expertise on contractual issues of insurances, indemnities, contract variations, termination and suspension, damages and remedies, guarantees and other sureties, and ship-technology.
Yannis is qualified as a Solicitor in England with extensive experience and competence in within shipping, finance and international trade law, practised in London, Athens and Oslo. He is the trusted advisor of major shipping financing and investment houses, financing institutions, ship-owners, investors and funds, and offshore contractors on project finance structures, ship finance, shipbuilding, sale/purchase, chartering, offshore contracting (O&G and energy).
Yannis combines a thorough understanding of both the financing, as well as the operational and commercial elements of shipping transactions, which, together with his communications skills, makes him an excellent advisor in strategising and negotiating project finance, shipbuilding, construction and charter contracts, and negotiating out-of-court dispute resolution on shipping and offshore contracts. Yannis has expertise in contracts for specialised vessels (Rigs, LNGC, FPSO, offshore construction and support), projects and offshore installations. Yannis has a refined expertise on contractual issues of insurances, indemnities, contract variations, termination and suspension, damages and remedies, guarantees and other sureties, and ship-technology.
Partner, NRP Maritime Asset Management
Mr. Magelssen is Fund Manager and Partner of NRP Maritime Asset Management. He has more than 16 years of experience from the maritime sector both within finance and engineering. Magelssen joined NRPMAM in 2019 following 12 years in Pareto Securities & Pareto Project Finance where he was a Senior Partner. He started his career in DNV GL in 2003 and holds an MSc in Mechanical Engineering.
Equity Partner at Pareto Securities, Shipping & Offshore Project Finance
As a partner of Pareto on the project finance team, Kristoffer Sandaker is originating, structuring and financing asset backed transactions within the maritime shipping and offshore space. The transactions span the entire spectrum from fixed income credit solutions or structured-finance, to pure market plays, often in the form of sale-leasebacks or bareboat/time-charter projects within a variety of risk profiles. Note that outside of his Linkedin bio, he only rarely refers to himself in the third person…
For vessel owners, the different project finance structures can represent ways of raising capital on the asset level, while for equity investors, they represent pure-play investment opportunities in maritime assets. Debt financing for the projects is often sourced from international shipping banks, but also non-bank providers and bond structures are employed. A creative approach towards structuring deals ensures a variety of ways in which risk can be shared between the investors and the counterparties.
Many of the asset backed transactions, especially those syndicated amongst a group of investors, continue to be managed by Pareto entities post-closing. Overseeing, managing and occasionally restructuring existing portfolio companies are also a significant part of Sandaker’s engagements, having overseen project companies valued at more than half a billion USD.
For vessel owners, the different project finance structures can represent ways of raising capital on the asset level, while for equity investors, they represent pure-play investment opportunities in maritime assets. Debt financing for the projects is often sourced from international shipping banks, but also non-bank providers and bond structures are employed. A creative approach towards structuring deals ensures a variety of ways in which risk can be shared between the investors and the counterparties.
Many of the asset backed transactions, especially those syndicated amongst a group of investors, continue to be managed by Pareto entities post-closing. Overseeing, managing and occasionally restructuring existing portfolio companies are also a significant part of Sandaker’s engagements, having overseen project companies valued at more than half a billion USD.
Managing Partner, NorthCape Capital AS
Managing Partner at NorthCape AS (since April, 2012)
Pareto Bank ASA, Member of the Board (since March 2017)
American Shipping Company ASA, Member of the Board (since February, 2012)
Uglands Rederi AS, Member of the Board (since May, 2011),
Various board positions.
Pareto Bank ASA, Member of the Board (since March 2017)
American Shipping Company ASA, Member of the Board (since February, 2012)
Uglands Rederi AS, Member of the Board (since May, 2011),
Various board positions.
Partner, DagMar Navigation Ltd
January 24th 2014 DagMar Navigation Ltd was created - a 50/50 company with Marina Tzoutzouraki - the company is doing consultancy related to banking and ship financing.
Since Jan 2018 Chairman and co-founder of SFG - Ship Finance Global Ltd which owns the brand eShipfinance.com which creates ship mortgages online and place them with investors.
Board member in Dynamic Drilling, India/Cyprus/Singapore and
Board member Newport Shipping UK LLP from 2017 to June 2018
Board member of Advantage Tankers.
Board member Maxi Shipping
Board member of Maritime and Merchant bank from Jan/2014 to Dec/2016.
2002 to end of 2013 Member of the Board of Managing Directors of DVB Bank SE and Head of the Shipping and Offshore Division in DVB
August 2000 - 2002 Nedship Bank N.V., Rotterdam, CEO and Industry Head Shipping Division in DVB
1995 - July 2000 Intertanko, Managing Director
1990 - 1995 Den Norske Bank AS, New York, Executive Vice President and
General Manager
Since Jan 2018 Chairman and co-founder of SFG - Ship Finance Global Ltd which owns the brand eShipfinance.com which creates ship mortgages online and place them with investors.
Board member in Dynamic Drilling, India/Cyprus/Singapore and
Board member Newport Shipping UK LLP from 2017 to June 2018
Board member of Advantage Tankers.
Board member Maxi Shipping
Board member of Maritime and Merchant bank from Jan/2014 to Dec/2016.
2002 to end of 2013 Member of the Board of Managing Directors of DVB Bank SE and Head of the Shipping and Offshore Division in DVB
August 2000 - 2002 Nedship Bank N.V., Rotterdam, CEO and Industry Head Shipping Division in DVB
1995 - July 2000 Intertanko, Managing Director
1990 - 1995 Den Norske Bank AS, New York, Executive Vice President and
General Manager
CEO
Halvor Sveen has extensive management experience within banking and shipping, from companies such as Gjensidige NOR, Grieg Shipping Group and Pareto Bank ASA, as the head of Shipping & Offshore with an assignment to build up a portfolio for the bank within the maritime sector. He holds a Master of Law degree from the University of Oslo.
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