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Box Ships, Inc. (TEUFF)

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Last Post: 1/23/2017 11:57:05 PM - Followers: 208 - 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) 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
TEUFF News: Report of Foreign Issuer (6-k) 09/26/2016 05:09:16 PM
#23378  Sticky Note Hope has a rather dismal track record in Toxic Avenger 01/08/17 05:10:39 PM
#22550  Sticky Note WRONG!~!! THE ORGINAL AMOUNT IS 100 MILLION WHICH powerbattles 11/30/16 11:10:56 PM
#22542  Sticky Note CONGRATS TO ALL! TEUFF---CELEBRATE RECOVERY---TEUFF IS NOW DEBT powerbattles 11/30/16 10:34:10 PM
#10556  Sticky Note $$More $$TEUFF $$Toxicity ALL truth NOT half truth BigBadWolf 08/05/16 06:58:24 PM
#23532   When you say CEO affiliates,are you referring to Ominous 01/24/17 12:03:55 AM
#23531   companies without any major debts usually do not munhoi 01/23/17 11:57:05 PM
#23530   Box had enormous amounts of debt back then munhoi 01/23/17 11:45:50 PM
#23529   that's the only way to get rid of munhoi 01/23/17 11:40:59 PM
#23528   Looks like both companies are dead in the Ominous 01/23/17 11:29:23 PM
#23527   they are on the OTC and they currently munhoi 01/23/17 11:29:10 PM
#23526   140 million munhoi 01/23/17 11:24:17 PM
#23525   Aren't you delusional!The company sold all the ships Ominous 01/23/17 11:21:17 PM
#23524   Also I believe it was last summer they Blizzld 01/23/17 10:59:45 PM
#23523   Very good post. The problem is if they Blizzld 01/23/17 10:56:01 PM
#23522   Great post! powerbattles 01/23/17 10:47:57 PM
#23521   Here is some food for thought. If you Maineway 01/23/17 10:23:08 PM
#23520   Things are looking brighter. They bought 3 new powerbattles 01/23/17 10:11:40 PM
#23519   TEUFF still above .01 :-) Nitwit 01/23/17 10:07:47 PM
#23518   thanks to the President of the USA mangano 01/23/17 02:40:56 PM
#23517   Three New Ships With TEUFF Management Team = $$$ CashMoneyExpress 01/23/17 02:18:59 PM
#23516   TEUFF BUYING 3 NEW SHIPS. INTIME THEY WILL powerbattles 01/23/17 02:12:54 PM
#23515   I LIKE WHAT I "SEE"--TEUFF! CashMoneyExpress 01/23/17 02:11:11 PM
#23514   We should see an uptrend from now on... powerbattles 01/23/17 02:08:50 PM
#23512   Would be nice to see upward movement. harby58 01/23/17 12:08:13 PM
#23511   Vol up, time to rebound ! Deets 01/23/17 11:32:51 AM
#23510   thanks for the info munhoi 01/22/17 07:55:30 PM
#23508   Ive seen the 100% plus day runs of munhoi 01/22/17 07:32:35 PM
#23507   I am sure in-order to create a clean munhoi 01/22/17 07:18:06 PM
#23506   Whey they announce sold 3 ships with the powerbattles 01/22/17 06:27:03 PM
#23505   TEUFF... 01...Chart...Watch for upper bollie Breakout as the georgie18 01/22/17 06:16:31 PM
#23504   Evalend Buys Paragon’s Three Newbuilds powerbattles 01/22/17 05:58:19 PM
#23503 BaGr 01/22/17 04:26:55 PM
#23502   I will take one more shot and finding munhoi 01/22/17 02:16:24 PM
#23501   they only answer constructive well thought out questions munhoi 01/22/17 12:13:47 PM
#23500   My main concerns were they stop further dilution munhoi 01/22/17 12:02:06 PM
#23499   I mean its not rocket science they cant munhoi 01/22/17 11:46:32 AM
#23498   that was one of the subsequent questions I munhoi 01/22/17 10:26:49 AM
#23497   the Magna Equity exchange deal was originally intended munhoi 01/22/17 10:09:28 AM
#23496   I heard on the 3 new ships on powerbattles 01/22/17 02:57:52 AM
#23495   If they are serious about redeeming the preferred powerbattles 01/22/17 02:41:20 AM
#23493 http:// Toxic Avenger 01/21/17 05:39:30 PM
#23492   I was told they were planning on filing Toxic Avenger 01/21/17 05:30:53 PM
#23491   they plan to file by end of February munhoi 01/21/17 01:19:05 PM
#23489   Large 700,000 bid sitting there at the end. harby58 01/20/17 04:11:32 PM
#23486   Ask is now below $.01. I'm thinking we Toxic Avenger 01/20/17 01:58:56 PM
#23484   they have had only 3 to 4 employees munhoi 01/20/17 01:17:34 PM
#23483   they only employ 3 to 4 employees, rest munhoi 01/20/17 01:15:13 PM
#23482   If it's true, as you suggest, that they Toxic Avenger 01/20/17 12:16:47 PM
#23481   clean Balance Sheet , Clean new start - munhoi 01/20/17 12:12:06 PM
#23480   same here spring/summer will be good ttrader707 01/20/17 12:10:52 PM
#23479   Good to hear! harby58 01/20/17 12:04:47 PM
#23478   $TEUFF I AM STILL HERE HOLDING LONG AND STRONG!!!!! powerbattles 01/20/17 12:03:08 PM
#23477   greatly the cost of keeping idle ships and munhoi 01/20/17 11:17:40 AM