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Box Ships Inc. (TEUFF)

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Moderator: powerbattles, INTHEKNOW1, Toxic Avenger
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Last Post: 4/26/2017 3:41:27 PM - Followers: 168 - Board type: Free - Posts Today: 4



(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) 04/19/2017 04:32:04 PM
TEUFF News: Statement of Ownership (sc 13g) 04/06/2017 12:49:25 PM
TEUFF News: Amended Annual and Transition Report (foreign Private Issuer) (20-f/a) 03/16/2017 04:07:21 PM
TEUFF News: Annual and Transition Report (foreign Private Issuer) (20-f) 03/13/2017 04:58:51 PM
TEUFF News: Report of Foreign Issuer (6-k) 01/30/2017 04:32:47 PM
#24095  Sticky Note Now we see why the company held off Toxic Avenger 03/14/17 04:04:41 PM
#23754  Sticky Note THERE IS NO TOXIC DEBT HERE;-) INTHEKNOW1 02/01/17 11:27:19 AM
#24178   many stocks recover from RS munhoi 04/26/17 03:41:27 PM
#24177   no, Box ship has very little debt Paragon munhoi 04/26/17 03:33:15 PM
#24176   I've only once seen a stock survive an carusso 04/26/17 02:41:31 PM
#24175   rumor is the guy that filed the 13 munhoi 04/26/17 02:33:00 PM
#24174   Was not suggesting that DryShips would buy either carusso 04/22/17 10:45:20 PM
#24173   he used to be the Chief Financial Officer munhoi 04/21/17 05:50:18 PM
#24172   Yes, but they're not purchasing shipping companies that Toxic Avenger 04/21/17 05:00:53 PM
#24171   Dryships is purchasing ships - hopefully a bellwether. carusso 04/21/17 04:45:33 PM
#24170   That must be the rumor, hence the $11 Toxic Avenger 04/21/17 04:42:30 PM
#24169   I think the CEO/President has a plan to carusso 04/21/17 04:41:53 PM
#24168   Could you share a little info about him, carusso 04/21/17 04:37:28 PM
#24167   Could they be considering a merger? carusso 04/21/17 04:33:07 PM
#24166   Thank you, munhoi. Hummingbird2 04/21/17 07:22:44 AM
#24165   They have revenue. Read posts# 24161 - 24164. Hummingbird2 04/21/17 07:21:57 AM
#24164   hate to tell but Paragon isn't worth much munhoi 04/20/17 07:51:38 PM
#24163   lets get 51% of the outstanding common shareholders munhoi 04/20/17 07:41:47 PM
#24162   take control of the BOD on your proxies, munhoi 04/20/17 07:39:11 PM
#24161   don't complain , just use your shares to munhoi 04/20/17 06:53:08 PM
#24160   Yeah,they are gonna finance their pockets,that's the only Ominous 04/20/17 08:43:37 AM
#24159   They just did a 50-1 R/S 2-3 months ago. Hummingbird2 04/20/17 08:37:43 AM
#24158   So they can take your money Ominous 04/20/17 08:32:56 AM
#24157   Why do they need another r/s? Hummingbird2 04/20/17 08:22:03 AM
#24156   6-K out for Paragon, too. NM redsky7 04/20/17 05:26:58 AM
#24155   Some more crap coming our way. R/S. redsky7 04/20/17 04:53:30 AM
#24154   Will continue watching this one.... chevy56 04/19/17 01:23:49 PM
#24153   Most likely MMs will take it back redsky7 04/17/17 05:19:05 PM
#24152   TEUFF .356 +52.14% powerbattles 04/17/17 02:49:05 PM
#24151   Never mind. Found it. biglued1 04/17/17 02:39:06 AM
#24150   What was the last reverse split here? biglued1 04/17/17 02:16:14 AM
#24149   Bodoeuroglou just posted a 20-F for redsky7 04/10/17 09:52:22 PM
#24147   I just noticed that the site linked to sidedraft 04/07/17 01:46:08 AM
#24146   You're right. My mistake. NM redsky7 04/07/17 01:21:49 AM
#24145   The guy who filed the 3G is named sidedraft 04/06/17 10:26:31 PM
#24143   He was Secretary of Energy under redsky7 04/06/17 09:17:27 PM
#24142   CHU STEPHEN M has filed a new 13G, wiltonio 04/06/17 12:53:04 PM
#24141   in the Letter back to me from the munhoi 04/06/17 10:03:24 AM
#24140   When is he planning to come to USA again? Hummingbird2 04/06/17 05:48:24 AM
#24139   well at least hes planning to come out munhoi 04/05/17 09:04:06 PM
#24138   Well, that's good news, anyway. The redsky7 04/05/17 07:51:27 PM
#24136   I got a letter from the BOD yesterday munhoi 04/05/17 11:56:43 AM
#24135   WE NEED AN UPDATE FROM THE COMPANY!!! powerbattles 04/05/17 12:28:24 AM
#24134   As you see they are reverse splittin' again... Nitwit 04/04/17 05:04:32 PM
#24133   How is this company going to re-emerge? Hummingbird2 03/31/17 12:38:49 PM
#24132   TEUFF is still .17 Nitwit 03/31/17 01:08:55 AM
#24131   anyone selling? is this the time to get mangano 03/30/17 10:36:25 AM
#24130   Even my pessimistic forecast on this stock was Toxic Avenger 03/24/17 11:19:18 AM
#24129   yes, and one has several hundred million in Toxic Avenger 03/24/17 05:26:46 AM
#24128   They both like to do reverse splits... Nitwit 03/23/17 08:24:57 PM
#24127   5 months old article won't help this Pump Ominous 03/23/17 01:31:20 PM
#24126 Tobiaswerner2 03/23/17 01:05:57 PM