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Box Ships Inc. (TEUFF)

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Last Post: 6/25/2017 1:27:57 AM - Followers: 153 - Board type: Free - Posts Today: 1

 

BOX SHIPS, INC.

(Former NYSE, Now OTCQX)
http://www.box-ships.com/overview.php

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.

History
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.

Location
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".

Fleet
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. 


 

 











 
TEUFF
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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
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
PostSubject
#24421  Sticky Note all kinds of theories floating out there from munhoi 06/23/17 01:08:24 PM
#24095  Sticky Note Now we see why the company held off Toxic Avenger 03/14/17 04:04:41 PM
#24448   There's the same kind of scam going redsky7 06/25/17 01:27:57 AM
#24447   Good plan; I do not own shares carusso 06/24/17 03:57:33 PM
#24446   all I can say is Stephen Chu is munhoi 06/24/17 02:18:50 PM
#24445   They had more than 2 months to get Hummingbird2 06/24/17 12:51:20 PM
#24444   I don't understand why 47% so far would tinojax 06/24/17 12:43:02 PM
#24443   So far, 83% (2,418,098) of current OS (2,913,370) Hummingbird2 06/24/17 12:19:40 PM
#24442   thank you munhoi 06/24/17 11:47:44 AM
#24441   could be just broker held shares on behalf munhoi 06/24/17 11:43:29 AM
#24440   that's why they did not take a vote munhoi 06/24/17 11:38:31 AM
#24439   Thanks. I over looked it. NM redsky7 06/24/17 11:02:50 AM
#24438   Is this all legal? They have delayed 3 Hummingbird2 06/24/17 09:41:44 AM
#24436   No, it was not defeated and there is Hummingbird2 06/24/17 08:47:17 AM
#24435   Munhoi is talking about shareholders redsky7 06/24/17 08:40:21 AM
#24434   Or remaining 15% to vote 'against' or 'abstain'. Hummingbird2 06/24/17 06:42:51 AM
#24433   I don't understand why anyone other than insiders Hummingbird2 06/24/17 06:14:23 AM
#24432   Things will work out in our favor somehow. Hummingbird2 06/24/17 05:59:14 AM
#24431   Just emailed. Hummingbird2 06/24/17 05:56:15 AM
#24430   these are very trying times for the common shareholder munhoi 06/23/17 07:30:19 PM
#24429   well the voting is not yet over that's munhoi 06/23/17 06:44:38 PM
#24428   remember Stephen Chu is now one of the munhoi 06/23/17 05:48:58 PM
#24427   I suggest all shareholders that own Box Ships munhoi 06/23/17 05:47:01 PM
#24426   I suggest all shareholders that own Box Ships munhoi 06/23/17 05:45:37 PM
#24425   Keep up the pressure through and beyond July carusso 06/23/17 02:27:06 PM
#24424   all kinds of theories floating out there from Hummingbird2 06/23/17 01:22:06 PM
#24423   That is very good development too for all Hummingbird2 06/23/17 01:19:01 PM
#24422   Yes, I understand. Hummingbird2 06/23/17 01:18:08 PM
#24421   all kinds of theories floating out there from munhoi 06/23/17 01:08:24 PM
#24420   I believe so, CEO is taking our friend munhoi 06/23/17 12:41:08 PM
#24419   Stephen Chu getting on the Board is not munhoi 06/23/17 11:31:20 AM
#24418   That's good news for shareholders. Hummingbird2 06/23/17 11:03:50 AM
#24417   Mr. Chu will not be making new remarks munhoi 06/23/17 09:57:31 AM
#24416   Good news, shareholders win this one redsky7 06/23/17 09:51:57 AM
#24415   no Reverse Split approved - they either need munhoi 06/23/17 09:35:26 AM
#24414   Annual Meeting of Shareholders Results Hummingbird2 06/23/17 09:16:04 AM
#24413   thank you very much for your support of munhoi 06/21/17 02:39:15 PM
#24412   If they didn't have the votes by redsky7 06/21/17 06:03:56 AM
#24411   I knoooowwww.... but some people's favored holiday destination.... carusso 06/16/17 01:22:49 PM
#24410   Well, as Mr Boogaloo tries hard to R/S tinojax 06/16/17 10:26:34 AM
#24409   Will be difficult to go. It's in Greece. Krony 06/16/17 08:02:08 AM
#24408   Thanks very much for this explanation. I carusso 06/15/17 10:14:45 PM
#24407   there is no major shareholder at Paragon who munhoi 06/15/17 04:16:03 PM
#24406   Why do you suppose Paragon meeting went ahead carusso 06/15/17 04:07:08 PM
#24405   write letter to BOD asking to nominate Stephen munhoi 06/15/17 02:23:34 PM
#24404   write letter to BOD asking to nominate Stephen munhoi 06/15/17 02:22:36 PM
#24403   Here we go again...June 23rd. redsky7 06/15/17 01:56:49 PM
#24402   Adjournment of Annual Meeting of Shareholders chevy56 06/15/17 10:01:06 AM
#24401   Adjournment of Annual Meeting of Shareholders Hummingbird2 06/15/17 09:51:35 AM
#24400   Hey redsky7, do you know if we can carusso 06/15/17 03:50:53 AM
#24399   what would be considered good news and what akika 06/15/17 03:41:52 AM
#24398   At this late date it appears TEUFF redsky7 06/14/17 08:27:35 PM
PostSubject