2nd Annual Port Finance International London

Introduction

The 2nd Annual Port Finance International London conference took place on 19 & 20 October 2010 at 1 Victoria Street. Over 100 delegates came to share views, opinions, challenges and to discuss opportunities around the world's ports.

 

Kindly supported by

 

  

 

 

A selection of companies who came: Brookfield Asset Management, Royal Haskoning, Port of Tyne, Port of Calais, APM Terminals, Chittagong Port, Buss Group, Gulftainer Co. Ltd., Marine And Coastal Construction, King Fahd Industrial Port, Ghent Port Company, PricewaterhouseCoopers, Vector Port and Transport Solutions Ltd, Arcus Infrastructure Services LLP, Boubiyan Port Project, G4S, Stephenson Harwood, Ports of Stockholm, Ministry of Shipping – Bangladesh, APG Asset Management, AECOM, Celebi Holding Inc., Lonrho Plc, Arup & Partners, The Bristol Port Company, Port of Workington Harbour, Atkins, Saudi Ports Authority, Ministry of Public Works – Kuwait, Qatar Ports Management Company, Euroports Holdings, Port Evolution Management Holman Fenwick Willan, Hamburg Port Consulting, Inter-American Development Bank (IDB), Continuum Principal Investments, Port Management Association of Eastern & Southern Africa, The Louis Berger Group, Eurochem Corporation, Maritime & Transport Business Solutions, Port of Tema, Port Authority of Melilla, Forth Ports, British Ports Association, Mongla Port, Haven Gateway Partnership, HSH Nordbank AG, Watson, Farley & Williams, Parsons Brinckerhoff, Balfour Beatty, Jardine Lloyd Thompson Limited, URS Scott Wilson, Lekki Port LFTZ Enterprise, Drewry Shipping Consultants and many others…

 

Click here to review the full agenda and exclusive speaker line up

 

Speakers came from countries such as Saudi Arabia, Kuwait, Qatar, Brazil, the USA, the UK, Germany, South Africa, Ghana, Nigeria, Kenya, Spain, Belgium, and the Netherlands - including:

 

* Srour M. Al-Otaibi, Director of Consultancy Studies Department in the Mega Projects Sector, Ministry of Public Works, State of Kuwait
* Christian Moller Laursen, CFO, Vice President, APM Terminals
* Capt. Almass, Acting Chairman, Qatar Ports Management Company
* Alistair Mackie, Partner, Holman Fenwick Willan
* Richard A-Y Anamoo, Director of Port, Port of Tema, Ghana
* David Levenson, Senior Vice President, Brookfield Asset Management
* Charles Hammond, CEO, Forth Ports
* David Whitehead, Director, BPA (British Ports Association)
* Jerome Ntibarekerwa, Secretary General, Port Management Association of Eastern & Southern Africa (PMAESA)
* George Kieffer, Chairman, Haven Gateway Partnership
* Nikhil Bhandari, Vice President, The Louis Berger Group
* Keshav Vallabhaneni, Director, Project Development, Eurochem Corporation
* Neil Davidson, Senior Advisor – Ports, Drewry Shipping Consultants Ltd
* Dr. Rainer Scholl, Partner, Technical Assistance and Port Management, Hamburg Port Consulting GmbH
* Charles Schramm, Head of PPP Unit, State Department of Planning and Management, Rio Grande do Sul – Brazil
* Andrew Webster, Partner, Energy & Marine Division, Jardine Lloyd Thompson Limited
* Renato Mazzola, Investment Officer, Structured and Corporate. Finance Department, Inter-American Development Bank (IDB)
* Jose Luis Almazan Palomino, CEO, General Manager, Port Authority of Melilla
* Dr. Gianluca Barletta, Senior Consultant, Strategic Consulting, Parsons Brinckerhoff
* Richard Hill, Associate, Ports & Maritime, Atkins
* Dr. Khalid Bichou, Centre for Transport Studies, Imperial College London
* Alan Stacey, Associate, Scott Wilson
* Mark Wandless, Partner, Watson, Farley & Williams LLP
* Ulrich Stark, Transportation Finance, Head of Infrastructure – EMEA, HSH Nordbank AG
* Mike Pinkney, Global Maritime Practice Leader, Ove Arup & Partners Ltd.
* Ghislain Lorthois, President, The Port Fund
* Jamie Simpson, Director, GHK International
* Paul van Eulem, Director, Maritime Transport Business Solutions (MTBS)
* Richard Clarke, Director Global Ports and Marine, AECOM
* Chris Wall, Business Specialist – Brazil, UK Trade & Investment
* John Martin, President, John C. Martin Associates, LLC

 

 

Click here to see the full conference agenda

 

 

 

This year's event placed a particular emphasis on port activities in key countries in Africa, the Middle East and Brazil with key government and port speakers to be announced, while other sessions reviewed issues surrounding privitisation in the ports sector, risks, due dilligence, port performance drivers, port infrastructure and superstructure and efficiency matters, as well as case studies from ports around the world.

 

Click here to review the full line up of speakers

 

If you were unable to attend the conference but would like to buy access to the presentations for just £250 (for over 30 presentations) then please contact patrick@portfinanceinternational.com for more information.

 

Delegate Information

We are very pleased to have secured a preferential rate at the Grosvenor Hotel, just a short distance from the conference venue and within the heart of London.

 

Address: The Grosvenor Hotel, 101 Buckingham Palace Road, London SW1W OSJ

 

Please click here to download the hotel brochure.

 

Guests wishing to take advantage of this rate should contact the hotel and quote MHFOR181010 to access the room block.

 

When booking credit card details will be required. For more information please contact:

Telephone: 0871 977 0218
Fax: 0207 206 7561
Email: groups.grosvenor@guoman.co.uk
 

Partners

With thanks to our partners:

 

 

UK Trade & Investment is the Government organisation that helps UK-based companies succeed in an increasingly global economy. Its range of expert services is tailored to the needs of individual businesses to maximise their international success. We provide companies with knowledge, advice and practical support. UK Trade & Investment also helps overseas companies bring high quality investment to the UK. UK Trade & Investment offers expertise and contacts through a network of international specialists throughout the UK, and in British Embassies and other diplomatic offices around the world.

 

 

Holman Fenwick Willan is a global law firm advising on all aspects of international commerce. The firm has one of the largest teams specialising in legal matters relating to the development and operation of national and international ports and terminals. Our Ports & Terminals Group includes English and foreign qualified lawyers based in all of the firm’s offices. We have been involved with ports and terminals projects in more than 40 locations globally, including in China, India, the Middle East, Africa and South America as well as in the UK and other European countries.

 

Having worked with organisations involved in ports and terminals for many years, our client base now includes leading global port and terminal operators, international shipping lines, national port authorities, investment funds, foreign governments, harbour and coastal towage companies, transport and logistics companies, supply chain managers, infrastructure support development specialists, civil and maintenance work providers, contractors, consultants, commodities trading companies, banks and financial institutions, and insurance providers.

 

We are able to advise on all aspects of port and terminal establishment, development and operation including corporate and commercial requirements, liability/insurance, operations and port development.
 

Event Program

Day One - 19 October

 

0800: Registrations and Welcome Tea/Coffee

 

0830: Opening Notes from Conference Chair
Janet Fallon, Chair, Port of Workington Harbour Board

 

Regional Sessions: Opportunities and Challenges in the World’s Ports

 

Middle East Session – moderated by Richard Hill, Associate, Ports & Maritime, Atkins

 

0840: Key Note Address
H.E Dr. Khalid Bubashait - President, Saudi Ports Authority

 

0900: Boubyan Island Development Project
Srour M. Al-Otaibi, Director of Consultancy Studies Department in the Mega Projects Sector, Ministry of Public Works, State of Kuwait
 

 

0915: Development of New Doha Port
• Overview of present Doha Port
• Challenges facing present Doha Port
• Development New Doha Port
• Business opportunities in New Doha Port
Capt Almass, Acting Chairman, Qatar Ports Management Company (QPMC)

 

0940: The Importance of Choosing the Right Strategic Partners
• Increasing competitive nature of ports and terminals in the MEA region
• Importance of location
• Specialist ports and regional needs
• How investments can be made
• Benefits to local market
Ian Chung, Solicitor, Holman Fenwick Willan

 

1005: Port Privatisation in the Red Sea - Between Efficiency Gains and Monopoly
• Recent developments
• Private monopoly
• Case study
Dr. Rainer Scholl, Partner, Technical Assistance and Port Management, HPC Hamburg Port Consulting GmbH

 

1030: Panel Session – including all Session Speakers

 

1045: Short Tea/Coffee Break for all Delegates and Speakers

 

1110: Global Overview of the Container Port and Terminal Sector
• Forecast demand - what is the "new normal"?
• Forecast capacity - is congestion a thing of the past?
• Terminal ownership and profitability - business as usual?
• M&A and valuations - what are the new benchmarks?
Neil Davidson, Senior Advisor – Ports, Drewry Shipping Consultants Ltd

 

Brazil Session – moderated by Chris Wall, Business Specialist – Brazil, UK Trade & Investment

 

1135: Investments in Brazilian Ports Infrastructure - Opportunities & Challenges
Chris Wall, Business Specialist – Brazil, UK Trade & Investment

 

1200: Challenges Financing Ports in Brazil
• Regulatory framework
• Progress on the sector
• Challenges financing private ports
• Next steps in the sector
Renato Mazzola, Investment Officer, Structured and Corporate. Finance Department, Inter-American Development Bank (IDB)

 

1225: Latin American Market - performance and prospects
• Recent performance of Latin American ports market
• Opportunities and challenges
• Key projects in the Latin American market
Eleanor Hadland, Managing Consultant, Market Sector Leader – Maritime, URS/Scott Wilson

 

1250: Lunch for all Delegates and Speakers

 

1400: Investing in Brazilian Ports: Highlights and Considerations
• Regional market dynamics (capacity & demand)
• Port and inland infrastructure
• Legal, regulatory & financial markets context
David Levenson, Senior Vice President, Brookfield Asset Management

 

1425: Port of Rio Grande - Accessing the Market in the South of Brazil
• Regional competitiveness to attract new investors
• The role of PPP in Rio Grande do Sul State and Brazil
• Ports and waterways - Investments opportunities in the South of Brazil
Charles Schramm, Head of PPP Unit, State Department of Planning and Management, Rio Grande do Sul – Brasil

 

1450: Panel Session – including all Session Speakers

 

1510: Short Tea/Coffee Break for all Delegates and Speakers

 

Africa Session – moderated by James Sutcliffe, Director, Port Evolution Management UK and Chairman, UKTI Ports Sector

 

1525: Financing Southern Africa's Growth with Infrastructure
• Overview of the infrastructure transport market
• Vision to implement solutions
• The example of Northern Mozambique
Richard Szuflak, Partner, Continuum Principal Investments (Pty) Limited

 

1550: Challenges of Eastern and Southern African Ports
• Traffic trends in Eastern and Southern African region
• Factors driving traffic growth in the region
• Challenges facing regional shipping
• Strategies to address challenges
• Investment opportunities in our port sector
• Success factors for attracting investments for the eastern and southern Africa region ports
Jerome Ntibarekerwa, Secretary General, Port Management Association of Eastern & Southern Africa (PMAESA)

 

1615: Development of a Greenfield Deep Seaport in Nigeria
• Description of the project with overall timeline
• Project status and implementation plan
• Business case
• Financing opportunities
Nikhil Bhandari, Vice President, The Louis Berger Group & Keshav Vallabhaneni, Director, Project Development, Eurochem Corporation

 

1640: Melilla: European Port in Africa
• Boundary conditions of the Port of Melilla, competition from African ports
• Competitive strategy of the Port Authority of Melilla, based on the pillars: excellence, protection and its strategic plan
• Conclusions
Jose Luis Almazan Palomino, CEO, General Manager, Port Authority of Melilla

1705: Investments in Ports Infrastructure in a Fast Growing Oil & Gas Industry: Opportunities & Challenges in Ghana
• Current state of the Ghanaian economy & its seaports
• Development opportunities in Ghanaian seaports
• Investment and operational challenges of the Ports Authority
Richard A-Y Anamoo, Director of Port, Port of Tema, Ghana

 

1730:  Port Financing in Africa
Paul van Eulem, Director, Maritime & Transport Business Solutions (mtbs)

 

1750: Panel Session – including all Session Speakers and Mike Pinkney, Global Maritime Practice Leader, Ove Arup & Partners Ltd

 

1800: Closing Notes Followed by Drinks Reception until 1930

 

Day Two - 20 October

 

0930: Opening Notes from Conference Chair
Richard Clarke, Director Global Ports and Marine, AECOM

 

Session: Analysis and Outlook – Port Financing in the Current Climate

 

0935: Investing in and Operating Ports in Developing and Emerging Markets
• What are the special opportunities for port operators presented by emerging markets?
• What are the risks involved?
• What does it take to successfully develop and manage ports in emerging markets?
Christian Moller Laursen, CFO, Vice President, APM Terminals

  

0950: Corporate/Financial Structure of Ports in the UK
• Relationship with government
• Codes of Practice in areas such as navigational safety
• Trust ports
• Dealing with the Immigration Services and the Vehicle Inspectorate
David Whitehead, Director, BPA (British Ports Association)

 

1015: Mobilising Support for Port Developments – the Role of a Private/Public Sector Partnership
• Promoting – the need for support from the public
• Opportunities – highlighting the opportunities for the local and wider economy
• Regulatory – complexity of planning applications
• Trends – recognising new trends and advocating their benefit to ports and the locality
• Support – ensuring the level playing field
George Kieffer, Chairman, Haven Gateway Partnership

 

1045: Tea/Coffee Break for all Delegates and Speakers

 

1115: Leaving Rough Waters? Port Financing and the Economic Crisis
• Recent trends in lending - corporate and project finance
• Impact on terms and conditions for port financing
• Increased role of Export Credit Agencies
• Lessons learnt from the crisis
Ulrich Stark, Transportation Finance - Head of Infrastructure EMEA, HSH Nordbank AG

 

1140: The Dynamics of the US Container Market and its Implications on US Port Infrastructure Development
• Changes in the US container market
• Factors that have driven the growth in all-water services at East and Gulf Coast US ports
• Potential impact of the expansion of the Panama Canal on Port Capacity
• Impact of increased all water services at Atlantic and Gulf Coast ports (for Asian Cargo vs.
Intermodal Cargo via West Coast ports)
• Infrastructure needed to handle the increased size of vessels and how this infrastructure will be provided—primarily through public- private partnerships; and the development of the long term concession agreements that have and are occurring at the US ports
• The economic impact of these investments on the local communities
John Martin, John C. Martin Associates, LLC

 

1205: Analysis of the Increased Risks in the Port & Terminals Sector Following the Recession
• Business risk and legal risk and how to deal with them
• A focused analysis of financial risk
Mark Wandless, Partner, Watson, Farley & Williams LLP

 

1230: Prospects for the Provision of Rail Services to Container Ports: Towards JVs or M&As?
• The role of vertical and horizontal integration in logistic services
• Vertical integration: operational agreements or M&As?
• Regulatory issues
• North America v. Europe prospects comparison
Dr Gianluca Barletta, Senior Consultant, Strategic Consulting, Parsons Brinckerhoff

 

1255: Lunch for all Delegates and Speakers

 

Session: Practical Concerns – Approaches in Port Financing

 

1400: Pending Transactional Schemes from both Sellers and Buyers
• Detained assets:
   o Technical and financial housekeeping
   o Terminal Service Agreements review
• Prospective Assets Transaction
   o Portfolio assessment
   o Value protection, creation & extraction
   o How to cope with information erosion
• New industry standards
   o Buyers market
   o Transaction options & prices
Ghislain Lorthois, President, The Port Fund

 

1425: Overview of PPP/PSP in Ports: Contractual Options, Actors, Mechanisms, Regulation and Performance
• Competition and contestability in port markets
• PPP contractual options and applications in ports
• Typology of private players and the emergence of global port operators
• Tariff setting, pricing, and payment mechanisms
• Performance indicators for contract regulation
Dr. Khalid Bichou, Port and Transport Logistics Consultant, Co-Founder of PORTeC, Centre for Transport Studies, Imperial College London

 

1450: PPP Insurance Considerations and Specific Consideration to port projects
• Typical PPP cover considerations
• Port specific constraints and observations
• Tension points between the project participants
Warren Beardall, Partner, Jardine Lloyd Thompson Limited

 

1515: Port Due Diligence: Key Issues Lessons Learnt
• Key issues to be addressed
• Changing market expectations
Alan Stacey, Associate, URS/Scott Wilson

 

1540: Tea/Coffee Break for all Speakers and Delegates

 

1600: Port Infrastructure and Port Superstructure
• Cash flow based financing
• How to come to bankable cash flows
Fred Vossen, External Consultant, PricewaterhouseCoopers

 

1625: Port Performance Drivers: Efficiency Matters
• Port financial performance is a key priority following the financial crises
• Below trend growth combined with greater competition is re-shaping port investment decision-making
• The focus on port efficiency is now a clarion call of port investors and managers – knowing the possibilities is key to sound and sustainable performance
Jamie Simpson, Director, GHK International & Professor Robert Cochrane, Visiting Professor, Imperial College

 

1650: UK Ports Regulation from a Privatisation Perspective
• The UK privatisation process - constraints and difficulties
• Port charges - economic regulation regime
• The Office of Fair Trading's Review of unregulated infrastructure
• Need for a Ports Regulator?
Francis Tyrrell, Senior Associate, Bircham Dyson Bell LLP

 

1715: Closing Notes and End of Conference