2020 New York Maritime Forum - CHARTING CORPORATE STRATEGY IN A FAST-CHANGING INDUSTRY
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Podcast Summary
CHARTING CORPORATE STRATEGY IN A FAST-CHANGING INDUSTRY
Growth & Consolidation, Diversification, Access to Capital, the Public/Private Dilemma, Capital Allocation Strategies
As the main artery for the global supply chain, shipping plays a uniquely vital role but remains a fragmented and volatile industry that is undergoing rapid change as the result of technological, regulatory and geopolitical trends. This panel comprised of senior executives of major private and publicly listed companies will examine how companies address critical strategic issues, most of which are common to both small and large companies. Should companies focus on a single or multiple sectors; is consolidation feasible in a fragmented industry and does size create competitive advantages; what are the advantages of being public vs private, what companies expect when they go public and how can they optimize their access to the capital markets. Finally, a debate on alternative capital allocation option – debt reduction, dividends, share buybacks, growth. This provides for a discussion on the hot, practical and immediate challenges the industry is facing today, issues that every owner small or big has to face and address.
Moderator:
Mr. Panos Katsambas, Partner – Reed Smith
Panelists:
- Mr. Ioannis Zafirakis, Director, Interim CFO, CSO, Treasurer & Secretary – Diana Shipping Inc. (NYSE: DSX)
- Mr. Paul Wogan, CEO – GasLog (NYSE: GLOG) & GasLog Partners LP (NYSE: GLOP)
- Mr. Marco Fiori, CEO – Premuda SpA
- Mr. Hamish Norton, President – Star Bulk Carriers Corp. (NASDAQ: SBLK)
- Mr. Bing Chen, President & Chief Executive Officer – Atlas Corp. (NYSE: ATCO)