Yes rates do have to improve, and they have been, but must continue to do so. Rates for Box China and Box Hong Kong were not necessarily obtained until they were sold. What strikes me as being strange is they continued to sail under Box Ships, Inc. after they were sold. Was the deal backed out (did they have that option), or was this an error that was carried by the tracking system. What is also important is the ships do not sit idle. The market is forward looking as well, with ships value being reflective of future prospects and anticipated revenues. Guidance in upcoming report is crucial. What is a little concerning is the upcoming report may not truly reflect the current situation.
News 
Market Data 
Discover 
