Box Ships Inc (TEUFF)

[ivfk]

Today's news is exciting and very good news for Box Ship and the entire industry. These are not deals made by companies that are on the verge of bankruptcy. Management seems to be making some very smart moves. Today's news shows me that the banks are continuing to work with Box Ship and also with many other shipping companies across the industry. Banks need to forgive some of the debt in exchange for companies scrapping old ships. By the time management is finished with their bank negotiations, they will emerge as a financially stronger company with a small but new fleet and little debt left. This is what you do to survive hard times.