Capital Link - Your Link To the global Investment Community

CRUDE TANKERS SECTOR PANEL
Tuesday, December 16, 2025
Moderator: Mr. Jorgen Lian, Head of Shipping Equity Research - DNB Carnegie
Panelists:

Mr. Svein Moxnes Harfjeld, President & CEO - DHT Holdings, Inc. (NYSE: DHT)
Mr. Lars Barstad, CEO - Frontline Management AS (NYSE: FRO) (OSLO: FRO)
Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TEN)
Mr. Mikkel Seidelin, CCO - Teekay Tankers Ltd. (NYSE: TNK)

The webinar roundtable delivered an in-depth assessment of the crude tanker market, highlighting favorable fundamentals and compelling earnings visibility for investors. Panelists analyzed the key forces shaping the sector, including sanctions-related trade dislocations, tightening fleet supply, and the implications of an aging global tanker fleet. The discussion also addressed how geopolitical developments and evolving trade patterns may influence demand over the medium term. From a capital markets perspective, executives outlined disciplined approaches to fleet management and capital allocation, emphasizing balance sheet strength and liquidity as critical enablers of fleet renewal and long-term value creation.
Capital Link Shipping Sectors Webinar Series - December 2025: Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG Shipping Join the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025.
For more information please visit here: https://capitallink.com/webinars/capital-link-shipping-sectors-webinar-series-december-2025-dry-bulk-container-crude-tanker-product-tanker-lng-lpg-shipping/

LNG SHIPPING SECTOR PANEL
Thursday, December 11, 2025
Moderator: Mr. Michael Webber, CFA, Managing Partner | Energy Infrastructure, Webber Research & Advisory
Panelists:

Mr. Jerry Kalogiratos, CEO - Capital Clean Energy Carriers Corp. (NASDAQ: CCEC)
Mr. Knut Traaholt, CFO - Flex LNG Ltd. (NYSE: FLNG)
Mr. Karl Fredrik Staubo, CEO - Golar LNG (NASDAQ: GLNG)
Mr. Spyros Leoussis, CCO - Maran Gas Maritime Inc.

The webinar explored LNG market trends and opportunities, with panelists discussing production forecasts, shipping demand, and market dynamics. The discussion covered various aspects including LNG carrier supply and demand, pricing impacts, and geopolitical risks affecting the industry. The panel also addressed new building prices, shipyard availability, and the future of LNG shipping infrastructure, while touching on speculative ordering and U.S.-flagged vessel challenges.
Capital Link Shipping Sectors Webinar Series - December 2025 Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG Shipping Join the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025
More information please visit here: https://capitallink.com/webinars/capital-link-shipping-sectors-webinar-series-december-2025-dry-bulk-container-crude-tanker-product-tanker-lng-lpg-shipping/

DRY BULK SHIPPING SECTOR PANEL
Thursday, December 11, 2025
Moderator: Mr. Liam Burke, Managing Director - B. Riley Securities
Panelists:

Mr. Aristides Pittas, Chairman & CEO - EuroDry Ltd. (NASDAQ: EDRY); Euroseas Ltd. (NASDAQ: ESEA)
Mr. Mads Boye Petersen, COO - Pangaea Logistics Solutions Ltd. (NASDAQ: PANL)
Mr. Hamish Norton, President - Star Bulk Carriers Corp. (NASDAQ: SBLK)
Mr. William Fairclough, Managing Director - Wah Kwong Maritime Services (UK) Company Limited

The webinar featured a panel discussion on dry bulk shipping opportunities, trends, and strategies, with panelists sharing their companies' fleet management approaches and market perspectives. The group explored challenges and opportunities for industry consolidation, discussing market conditions, debt policies, and the sector's outlook for 2026. While acknowledging various uncertainties including geopolitical factors and market fluctuations, the panelists expressed overall optimism about the long-term fundamentals of the dry bulk shipping market, particularly driven by Chinese economic support and potential fleet renewal opportunities.
Capital Link Shipping Sectors Webinar Series - December 2025 Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG Shipping Join the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025
More information please visit here: https://capitallink.com/webinars/capital-link-shipping-sectors-webinar-series-december-2025-dry-bulk-container-crude-tanker-product-tanker-lng-lpg-shipping/

PRODUCT TANKER SECTOR
Wednesday, December 10, 2025
Moderator: Mr. Gregory Lewis, Head of Maritime Research – BTIG
Panelists:

Mr. Carlos Balestra di Mottola, CEO - d'Amico International Shipping S.A. (DIS.MI) (OTCQX: DMCOF)
Mr. Soren Steenberg Jensen, EVP, Head of Asset Management - Hafnia Ltd. (NYSE: HAFN) (OSLO: HAFNI)
Mr. Robert Bugbee, President - Scorpio Tankers Inc. (NYSE: STNG)
Mr. Kim Balle, CFO - TORM S.A. (NASDAQ: TRMD) (Copenhagen: TRMDA)

The webinar explored the current state and future prospects of the product tanker market, with panelists discussing market drivers and trends including production increases, geopolitical factors, and trade route dynamics. The discussion covered various market impacts including refinery production changes, sanctions effects, and fleet management strategies, with particular attention to LR2 vessels and trading patterns. The panel concluded by examining market conditions and charter rates, noting strong demand and limited new builds, while discussing the profitability of long-term charters and fleet renewal strategies.
Capital Link Shipping Sectors Webinar Series - December 2025 Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG Shipping Join the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025
More information please visit here: https://capitallink.com/webinars/capital-link-shipping-sectors-webinar-series-december-2025-dry-bulk-container-crude-tanker-product-tanker-lng-lpg-shipping/

LPG SHIPPING SECTOR
Wednesday, December 10, 2025
Moderator: Mr. Chris Robertson, Vice President | LNG Infrastructure and Maritime Shipping - Deutsche Bank Company Research and Advisory
Panelists:

Mr. Kristian Sorensen, CEO - BW LPG Ltd. (NYSE: BWLP) (OSLO: BWLPG)
Mr. Theodore (Ted) Young, CFO & Treasurer - Dorian LPG Ltd. (NYSE: LPG)
Mr. Mads Peter Zacho, CEO - Navigator Gas (NYSE: NVGS)

The webinar featured a roundtable discussion with executives from three LPG shipping companies who shared details about their fleet compositions and capital management strategies. The panelists discussed various aspects of the LPG shipping market, including vessel classifications, technical capabilities, and market dynamics for transporting specialized cargoes. The conversation covered growth prospects in natural gas liquids production, shipping market differences, and future trends in the LPG shipping sector, including investment strategies and valuation metrics.
Capital Link Shipping Sectors Webinar Series - December 2025 Dry Bulk, Container, Crude Tanker, Product Tanker, LNG, LPG Shipping Join the Live (Zoom) Discussions on December 2nd, 10th, 11th, & 16th, 2025
More information please visit here: https://capitallink.com/webinars/capital-link-shipping-sectors-webinar-series-december-2025-dry-bulk-container-crude-tanker-product-tanker-lng-lpg-shipping/