Box Ships Inc (TEUFF)

[Blizzld]

As to the upcoming financials it looks to a be a crap shoot at best.

I read the last released financials as of 12/31/15. Since the report date )(the date of release) was in late April of 2016 they had some info in the report for period after 12/31/15

As of the report date in Late April, unfortunately 3 of the companies ships including the largest (the Maule) was IDLE. This means not booked. DO not know for how long, or why, or if it was just briefly but its 3 ships not just one.

But it gets a bit worse. Posted to this board was the following information

"Finally, we fixed the Box Trader at a gross daily rate of $12,400 on a short-term period and extended the CMA CGM Kingfish for a period of five to eight months at a gross daily rate of $15,500, increased by 46% and 63%, respectively, compared to their previous charters, which illustrates the continued market improvement."

(SOURCE OF THIS INFO HERE - SOURCE FOR ORIGINAL QUOTED PRICE PER DAY INFO

However this info was from June of 2015 -- 2015

As of April 2016

the Box Trader was at 5850 per day (vs 12400 in that release above)
the Box kingfish was at 6000 per day (vs 15,500)

With three ships IDLE as of 4-27-16 and 2 ships at rates less than half the previously higher rates (even lower than the original rates before those bumped up charters), it does not appear like this first 6 months of this year are going to be favorable.

The source for the April 2016 info is the form 20F Page 32 table in blue located at 2015 form 20F SEE PAGE 32 table with ships