NEW YORK, NY--(Marketwire - January 25, 2011) - Senior Management from leading market participants in the global container sector will participate in a webinar panel discussion on the sector's development and outlook. The panel participants are:
- Danaos Corporation (
NYSE :DAC ), Dr. John Coustas, President & CEO, - Euroseas Ltd., (
NASDAQ :ESEA ), Mr. Aristides Pittas, CEO, - Maersk Broker, Mr. Claes Devantier, Senior Vice President,
- Hapag-Lloyd AG, Mr. Morten Stamm Kristensen, Senior Director of Chartering,
- The discussion will be moderated by Mr. Christian Wetherbee, Senior Analyst, Airfreight, Surface & Marine Transportation Research, Citi Investment Research & Analysis.
The live webinar is scheduled for Thursday, January 27, 2011 at 11:00 am EST (4:00 pm London, 5:00 pm Paris, 6:00 pm Athens).
The Container Shipping Webinar is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm with strategic focus on shipping.
ACCESS TO THE DISCUSSION
The panel discussion can be accessed only through a live audio webcast at www.CapitalLinkWebinars.com or through Capital Link's Shipping Website www.CapitalLinkShipping.com.
Participants to the live webcast should register on the website approximately ten minutes prior to the start of the webcast. To register and access the event, visit http://www.capitallinkwebinars.com/2011/container_jan/main.html.
After the event, the panel discussion will remain archived and accessible through the webpage, www.CapitalLinkWebinars.com.
PANEL STRUCTURE
The focus of the discussion (and the Q&A) will be only on sector trends and fundamentals, and not on company specifics or company recommendations. The discussion will cover several topics including demand, supply, freight rates and asset values, valuations, focus on current trends and the sector's outlook.
QUESTIONS FROM PARTICIPANTS
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 Capital Link at questions@CapitalLinkWebinars.com.
TRANSCRIPT
A transcript of the panel discussion will be publicly available at no cost within approximately 48 hours after the event and those interested can request it when they register for the event or afterwards through the event page at websites indicated.
About Container Shipping
Container shipping relates to the movement of a wide range of goods from one part of the world to another in a unitized form. The containers used in seaborne container transportation are metal boxes of standard dimensions, generally either 20 or 40 feet long, 8.5 feet high and eight feet wide. The standard unit of measure in container shipping is the 20-foot equivalent unit, or TEU.
Participants in the container shipping industry include "liner" companies, who operate container shipping services, containership owners, often known as charter owners, who own containerships and charter them out to the operators, and shippers who require the seaborne movement of containerized goods.
Containers are one of the important innovations of transportation logistics and revolutionized cargo shipping. The use of containers caused a significant reduction in port handling, thus lowering costs and helping lower freight charges and, in turn, boosting trade flows. An ever increasing proportion of the world's manufactured goods are shipped in freight containers. Today, approximately 90% of non-bulk cargo worldwide moves by containers stacked on transport ships; 26% of all containers originate from China. There are reportedly 16 million containers on the move at any one time, carrying everything from microchips to scrap paper.
The range of containership owners is diverse, including liner companies, which are often significant corporate entities, and charter owners, who are often part of wider groups involved in other shipping activities. Shipowning generally requires a relatively high level of capital investment. Ownership of the Panamax and above sized sector is less fragmented than the ownership of smaller vessels.
Vessel capacity is measured by the number of container boxes a vessel can carry, with the twenty-foot equivalent (TEU) being the standard container box size. Container vessels may be classified according to their size as follows: (1) Very Large Container Carrier (VLCS) -- a container vessel with a capacity of over 7,500 TEU; (2) Post-Panamax -- a container vessel with a width too large to transit the Panama Canal and a capacity of up to 7,500 TEU; (3) Panamax -- a container vessel with a width within the dimensions required to transit the Panama Canal and a capacity between 4,000 and 5,050 TEU; and (4) Sub-Panamax -- a container vessel with a capacity of up to 4,000 TEU. Containerships above 3,000 TEU are also called "Deep Sea" as they service the main and longer trade routes, those between 1,000 TEU and 3,000 TEU are also called "Intermediate" as they service regional trade routes and those below 1,000 TEU are also called "Feeder" as they service intra-regional trade routes, often relaying or "feeding" cargo within a region from or to main port hubs served by main lane trade routes.
About Danaos Corporation (
Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Its current fleet of 50 containerships aggregating 219,929 TEU ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest US listed containership company based on fleet size. Furthermore, the company has a contracted fleet of 15 additional containerships aggregating 142,750 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".
For further information please visit the Company's website at www.danaos.com.
About Euroseas Ltd. (
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.
For further information please visit the Company's website at www.euroseas.gr/home.html.
About Hapag-Lloyd
Hapag-Lloyd is a leading global liner shipping company with more than 135 modern ships, almost five million containers (TEU) transported in a year, 6,900 motivated staff at 300 locations in 114 countries. Hapag-Lloyd offers about 80 liner services between all continents, a fleet with a total capacity of more than 600,000 TEU as well as a container stock of around one million TEU including one of the world's largest and most modern reefer container fleets.
For more than 160 years Hapag-Lloyd has set industry-wide benchmarks for reliability, service, productivity and environmental protection. The owners of Hapag-Lloyd are the Albert Ballin consortium (50,12%, consisting of the City of Hamburg, Kühne Holding AG, Signal Iduna, HSH Nordbank, M.M.Warburg Bank and HanseMerkur) and the TUI AG (49,88%).
For further information please visit the Company's website at www.hapag-lloyd.com.
About Maersk Broker
With a global market coverage of tonnage in all sizes and segments, Maersk Broker cater globally to all shipbroking requirements from leading shipowners, charterers and shipbuilders as well as financial institutions and banks.
Being one of the world's largest international shipbroking companies, Maersk Broker employ more than 300 brokers and staff at offices in Copenhagen, London, Hamburg, Athens, New York, Tokyo, Seoul, Beijing, Shanghai, Hong Kong, Taipei, Hanoi, Singapore, Mumbai and Dubai.
For further information please visit the Company's website at www.maerskbroker.com.
About Capital Link
Capital Link is a New York-based advisory, investor relations and financial communications firm. Capital Link has made a strategic commitment to the shipping industry, becoming the largest provider of investor relations and financial communications services to international shipping companies listed on both the US and European Exchanges. Capital Link's headquarters are in New York, with a presence in London and Athens. Capital Link is a member of the Baltic Exchange.
Capital Link's Upcoming Maritime Shipping Forums
Athens - Tuesday, February 22, 2011: 2nd Annual Greek Shipping Finance Forum
New York - Thursday, March 24, 2011: 5th Annual Invest in International Shipping Forum
Contact Information:
Contact for Capital Link Shipping:
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Fax (212) 661-7526
E-mail: shipping@capitallink.com
Event Website: http://www.capitallinkwebinars.com
Shipping Portal: http://www.capitallinkshipping.com
Corporate Website: http://www.capitallink.com