Box Ships Declares Another Profitable Quarter
Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012. Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of 2012 was marked with uncertainty in the mid-size segment that we operate in, with lower charter rates and increased number of ships that were without employment in the market. Despite this weakness and uncertainty, we were able to report our sixth consecutive profitable quarter. We also were able to secure employment for Box Trader and Box Voyager, and today we are pleased to note that both vessels are employed under short term time charters, bringing our fixed revenue coverage to 94% for the remainder of 2012 and 81% for 2013. Mr.
Box Ships Inc. Issue Q2 & !H 2012 Financial Report
Box Ships Inc, container ship owners & charterers, issues dividend on its first anniversary as a public listed company. Mr. “This quarter marks our one-year anniversary as a public company. During the second quarter of 2012, our earnings per share and adjusted earnings per share were $0.11 and $0.16 per share, respectively, and more importantly I am pleased to announce that the Board of Directors has declared a dividend of $0.26 per share payable on or about August 22, 2012 to shareholders of record on August 15, 2012. He added: "The containership market has remained challenging, and the brief rebound we witnessed last quarter quickly disappeared. Mr.
Box Ships Recieves First Two Containerships
Box Ships Inc., (NYSE: TEU), a global shipping company specializing in the transportation of containers, announced that it has taken delivery from Paragon Shipping Inc., of the Box Trader and the Box Voyager, two 3,426 TEU high specification vessels built in 2010. Both vessels have a remaining fixed rate period time charter term of 16 months (with charter option of plus / minus 45 days) with CSAV Valparaiso Chile at a gross daily charter rate of $20,000. The Box Voyager and Box Trader are the first two of the six vessels comprising the Company’s initial fleet to be delivered. The remaining four vessels include two 5,095 TEU 2007 built containerships…
Paragon Shipping Sale Two Containerships To Box Ships
ATHENS, Greece, April 29, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes, announced today that it has completed the sale and delivery to Box Ships Inc., of both the Box Trader and Box Voyager, two 3,426 TEU high specification containership vessels built in 2010 in exchange for 2,266,600 shares of Box Ships common stock and approximately $69.2 million in cash. Box Ships Inc., was formed by Paragon Shipping and is trading on the NYSE under the symbol “TEU.” Source: Paragon Shipping
Paragon Shipping Q2 & Six Month Report
Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes and containers, announced its results for the second quarter and six months ended June 30, 2010. Commenting on the results, Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping, stated, “We are pleased to announce another set of profitable quarterly results. consistently implemented our business strategy for growth, fleet renewal and diversification. Specifically we entered into contracts to build four Handysize and three Kamsarmax drybulk carriers and acquired a 2009 built Panamax drybulk carrier. We also initiated our fleet diversification into the containership sector with the negotiations for the acquisition of two high specification 2010 built 3…
