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Box Ships Inc. (TEUFD)

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Last Post: 2/22/2017 5:27:59 AM - Followers: 188 - Board type: Free - Posts Today: 1



(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. 



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Current Price
Bid Ask Day's Range
TEUFF News: Report of Foreign Issuer (6-k) 01/30/2017 04:32:47 PM
TEUFF News: Report of Foreign Issuer (6-k) 12/20/2016 04:31:31 PM
TEUFF News: Report of Foreign Issuer (6-k) 11/30/2016 04:31:56 PM
TEUFF News: Report of Foreign Issuer (6-k) 11/16/2016 04:31:15 PM
TEUFF News: Report of Foreign Issuer (6-k) 11/01/2016 04:32:27 PM
#23973  Sticky Note Not surprised either. Who wants to be on Toxic Avenger 02/18/17 08:21:32 AM
#23754  Sticky Note THERE IS NO TOXIC DEBT HERE;-) INTHEKNOW1 02/01/17 11:27:19 AM
#23996   You can't "transfer" assets from one company to Toxic Avenger 02/22/17 05:27:58 AM
#23995   Thanks glta choctaw 02/21/17 11:15:11 PM
#23994   Still, its hard to believe, since Mr. redsky7 02/21/17 08:21:05 PM
#23993   I don't like the RS. I have rooper222 02/21/17 06:30:29 PM
#23992   Yep you're right TA, someone wanted to sell harby58 02/21/17 05:55:36 PM
#23991   Thank you! powerbattles 02/21/17 05:08:14 PM
#23990   And the 20k that just dumped into the Toxic Avenger 02/21/17 03:47:46 PM
#23989   Guessing the 70k in bids have a good harby58 02/21/17 03:29:07 PM
#23988   Volume still anemic, but that's good because when Toxic Avenger 02/21/17 12:21:29 PM
#23987   .92.5 was due to a 100 share bid harby58 02/21/17 11:23:20 AM
#23986   think about it, they paid us .98 cents mangano 02/21/17 11:19:33 AM
#23985   If you look at the 20 day chart, harby58 02/21/17 10:36:18 AM
#23984   Huge 52k Bid at .35, Im holding. harby58 02/21/17 10:31:26 AM
#23983   I'm about to bale out, I refuse to mangano 02/21/17 09:50:01 AM
#23981   I held out some hope last summer when Toxic Avenger 02/20/17 09:01:53 AM
#23980   Yes, I see that now. It's beginning to redsky7 02/20/17 08:46:04 AM
#23979   Apparently it's actually 4 months with an NT-20F Toxic Avenger 02/20/17 05:51:16 AM
#23978   I thought they had to file once a redsky7 02/20/17 05:34:28 AM
#23977   They are not required to file until 6 Toxic Avenger 02/20/17 05:27:49 AM
#23976   Didn't you once say they had a filing some redsky7 02/20/17 05:11:24 AM
#23975   THIS POS IS HEADED TO .01 AGAIN SOON ORCA 02/19/17 12:37:13 AM
#23973   Not surprised either. Who wants to be on Toxic Avenger 02/18/17 08:21:32 AM
#23972   I am not at all surprised by the munhoi 02/17/17 07:13:58 PM
#23971   Part of the deal made from the NY meetings? harby58 02/17/17 05:34:56 PM
#23970   BOD reduced from 5 to 3, after two resignations: sidedraft 02/17/17 05:07:00 PM
#23969   I don't think we will know the outcome harby58 02/17/17 11:03:24 AM
#23968   This morning Top Ships, Inc. reported redsky7 02/17/17 10:52:11 AM
#23967   Nothing came from the meetings with people in NY? AZresident 02/17/17 10:52:07 AM
#23966   Fins out next two weeks? harby58 02/15/17 10:15:33 AM
#23965   Advice on Box Ships investing Toxic Avenger 02/15/17 05:53:57 AM
#23964   in my letter to mgmt. and BOD, I munhoi 02/14/17 11:33:53 PM
#23963   That suggest to me that Bodouroglou is redsky7 02/14/17 11:19:41 PM
#23962   T.A., I'm not sure that has anything to redsky7 02/14/17 10:48:45 PM
#23961   "They indicated that only 2 (Box Trader and Toxic Avenger 02/14/17 03:18:43 PM
#23960   Thanks munhoi for the update. choo choo trader 02/14/17 03:13:50 PM
#23959   the worlds economies are getting better, the world munhoi 02/14/17 01:50:40 PM
#23958   I got a reply from Board of Directors munhoi 02/14/17 01:46:22 PM
#23957   That's what I was getting at, haha. It's Deets 02/14/17 09:18:55 AM
#23956   Maybe Valentines Day will help:) harby58 02/14/17 09:18:00 AM
#23955   It's hopefully all love from the meeting, then boom! Deets 02/14/17 09:10:08 AM
#23954   TEUFD is holding up better than most after Nitwit 02/13/17 07:18:22 PM
#23953   more volume, news coming? patience game here$$$ ttrader707 02/13/17 03:18:48 PM
#23952   Someone just snagged up 27k shares at .436 harby58 02/13/17 02:25:57 PM
#23951   Supposedly TEUFF in NY today getting financing. harby58 02/13/17 10:03:17 AM
#23950   Yes it did come from OTC Markets a choo choo trader 02/13/17 09:34:35 AM
#23949   Is that figure from redsky7 02/13/17 06:23:21 AM
#23948   TEUFD has 475M shares authorized. choo choo trader 02/13/17 12:58:12 AM
#23947   The count may be the same. But redsky7 02/12/17 11:51:51 PM
#23946   Correct, that's what is says in the 6-k. harby58 02/12/17 06:00:24 PM