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Box Ships Inc. (TEUFF)

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Moderator: Toxic Avenger, Hummingbird2
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Last Post: 7/26/2017 5:27:13 AM - Followers: 151 - Board type: Free - Posts Today: 0



(Former NYSE, Now OTCQX)

Company has sold off ALL ships. 

No filings since end of 2016

$25 million in preferred equity, plus accrued interest.

Past History

Company profile
Box Ships Inc. is an international shipping company specializing in the transportation of containers. Our vessels are trading worldwide in a multitude of trade routes. We are focused on maximizing shareholder value by maximizing returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.

We are a Marshall Islands registered company that was formed in May 2010. Our business strategy is focused on building and maintaining enduring relationships with charterers and providing reliable seaborne transportation services at competitive cost. We seek to create shareholder value by acquiring and operating modern container vessels and employing them in "period time charter" contracts. Mr. Michael Bodouroglou, our Chairman and Chief Executive Officer, has been active in shipping since 1976. Box Ships Inc. is fully committed to promoting openness, ethical conduct and integrity in all its dealings and has developed a 'code of business ethics and conduct' establishing rules and standards regarding behavior and performance.

Our executive offices are located in Voula, Athens, Greece. The company was listed on NYSE on  April 14, 2011. On November 17, 2015, the company was delisted from NYSE and on November 18, 2015 commenced trading on OTCQX International under the symbol "TEUFF".

We operate a fleet of modern and cost efficient container vessels servicing ports and Customers around the globe. Our goal is to continue to grow our fleet size over time to take advantage of the opportunities in our markets and meet our customers’ needs. Our long term fleet deployment strategy is designed to balance the stability of medium to long-term charter contracts. We believe that this strategy offers better opportunities and greater transparency of earnings. From time to time our management may adjust our fleet deployment strategy according to the prevailing and expected Container charter market conditions.

Our vessels are trading worldwide in a multitude of trade routes carrying containerized goods complying with the International Convention for Safe Containers.

Mission Statement
"To be a carrier which our customers can rely on, always offering a first class service with integrity, professionalism and transparency."

Box Ships Inc. – NYSE: TEUFF

Formed by Paragon Shipping Inc. (NASDAQ: PRGN) to invest in the containership industry. Paragon Shipping and CEO own approximately 11.0% and 16.6%1 of the Company, respectively.

Strong Management Team with over 79 years collective experience

Michael Bodouroglou, our Chairman, President and CEO has over 35 years experience in shipping. George Skrimizeas, our Chief Operating Officer, has 25 years experience in shipping.
Robert Perri, our Chief Financial Officer, has over 19 years experience in shipping and finance.

Current Fleet

9 containerships, average age of 9.9 years compared to industry average of 10.9 years.

Focus on mid-size segment. Fleet consists of vessels between 3,400 and 6,600 TEUs with total capacity of 43,925 TEU.

41% fixed employment for 2015. 



Current Price
Bid Ask Day's Range
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TEUFF News: Report of Foreign Issuer (6-k) 07/17/2017 05:16:20 PM
TEUFF News: Report of Foreign Issuer (6-k) 07/14/2017 05:18:33 PM
TEUFF News: Report of Foreign Issuer (6-k) 06/23/2017 09:06:37 AM
TEUFF News: Report of Foreign Issuer (6-k) 06/15/2017 09:07:06 AM
TEUFF News: Report of Foreign Issuer (6-k) 05/31/2017 09:07:38 AM
#24517  Sticky Note the options are as follows: munhoi 07/15/17 04:52:24 PM
#24095  Sticky Note Now we see why the company held off Toxic Avenger 03/14/17 04:04:41 PM
#24557   Sure does. Hummingbird2 07/26/17 05:27:13 AM
#24556   Harpex is looking good. Would look a temp luvs amy 07/26/17 01:46:12 AM
#24555   They still have revenue from the ship management Hummingbird2 07/25/17 02:15:18 PM
#24554   nightbengal, This is what I see happening............ tinojax 07/25/17 10:56:45 AM
#24553   I'm new to this board, but I've been nightbengal 07/25/17 10:01:10 AM
#24552   TEUFF Security Details Other Company Securities Hummingbird2 07/22/17 06:56:21 AM
#24551   It is incredible the number of shipping Hummingbird2 07/20/17 12:51:03 PM
#24550   Thank you and that's true. Hummingbird2 07/20/17 09:09:48 AM
#24549   They probably do. Hummingbird2 07/20/17 09:06:53 AM
#24548   I sent a letter to Box Ships' law redsky7 07/20/17 02:40:05 AM
#24547   The "Holder" will probably contact a newsletter and temp luvs amy 07/19/17 03:06:52 PM
#24546   Agree, but if wants to move shares he Krony 07/19/17 03:04:36 PM
#24545   Mr. Boogaloo doesn't know that game. He temp luvs amy 07/19/17 03:03:49 PM
#24544   The answer to that question is what may Krony 07/19/17 02:57:27 PM
#24543   I'm guessing they already have a lot of temp luvs amy 07/19/17 02:47:09 PM
#24542   Not sure if they can convert immediately. Hummingbird2 07/18/17 02:24:32 PM
#24541   They need to get couple of vessels and Hummingbird2 07/18/17 07:11:52 AM
#24540   For those shareholders who should like redsky7 07/18/17 12:59:00 AM
#24539   You want to see people stuck lose money? CRAZY $$$ 07/17/17 11:43:53 PM
#24538   Well, from what I initially read it appears tinojax 07/17/17 10:41:04 PM
#24537   On July 12, 2017, Box Ships Inc. (the Hummingbird2 07/17/17 05:52:45 PM
#24535   $2.7M in receivables? With 2.91M shares outstanding that Hummingbird2 07/17/17 02:35:59 PM
#24534   That is good news Hummingbird2 07/17/17 12:53:37 PM
#24533   A valiant effort. Quite remarkable. Congratulations. carusso 07/17/17 03:02:48 AM
#24532   Almost need a private investigator to unpuzzle this?? carusso 07/17/17 03:01:14 AM
#24531   Again, Thank You, for this extensive information. The management carusso 07/17/17 02:57:00 AM
#24530   container carrier rates are approaching pre - 2015 munhoi 07/17/17 12:27:57 AM
#24529   the bank lending for small shipper was still munhoi 07/16/17 11:41:48 AM
#24528   1) Unpaid receivables of $2.7 million owed to munhoi 07/16/17 10:21:29 AM
#24527   ie I cannot find anywhere any record or munhoi 07/16/17 10:12:55 AM
#24526   here is an excerpt of a reply to munhoi 07/16/17 10:04:02 AM
#24525   Thanks. I'm sending a letter to redsky7 07/16/17 03:15:57 AM
#24524   Amazing response. Thank you for so generously carusso 07/16/17 01:08:48 AM
#24523   On a more human level, munhoi 07/15/17 09:09:58 PM
#24522   the two ships they took from Box Ships IMHO munhoi 07/15/17 06:19:51 PM
#24521   the two toxic notes were previewed and marketed munhoi 07/15/17 06:05:31 PM
#24520   ie use letter format in my post #24495 munhoi 07/15/17 05:27:54 PM
#24519   in the meantime keep sending my reply to munhoi 07/15/17 05:22:59 PM
#24518   personally I wish there was a way to munhoi 07/15/17 05:09:14 PM
#24517   the options are as follows: munhoi 07/15/17 04:52:24 PM
#24516   Have you any rough idea when such an carusso 07/15/17 01:33:38 PM
#24515   And now to build up a fleet redsky7 07/15/17 07:32:39 AM
#24514   Amazing accomplishment. Truly. carusso 07/15/17 02:32:59 AM
#24513   I found the 6k xelandor 07/14/17 11:00:55 PM
#24512   Whooooooooo Hoooooooooo !!!!! tinojax 07/14/17 10:59:52 PM
#24511   Where is this info from? xelandor 07/14/17 10:42:17 PM
#24510   I had to read it twice to make redsky7 07/14/17 10:12:32 PM
#24509   Indeed! mcjodie 07/14/17 08:16:25 PM
#24508   Very nice! lovindollars 07/14/17 06:50:18 PM
#24507   the Reverse Split was rejected at the shareholders meeting munhoi 07/14/17 05:25:52 PM