Charter rates are dropping fast for post-Panamax ships because of low demand, with rates for some midsize vessels dropping to 2013 levels.
Box Ships
Box Ships
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27 May 2015
Rising charter rates helped Greek container shipowner Box Ships narrow its first-quarter loss close to break even.
12 Jan 2015
Drewry has estimated 100,000 TEUs of scheduled new container ship capacity did not arrive on time in 2014 and will spill into this year, increasing supply pressure on an already heavily over supplied industry.
28 Nov 2014
United Arab Shipping Co. today named the industry’s first-ever LNG-ready ultra-large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.
25 Nov 2014
The idle container ship fleet has fallen to its lowest level since the global financial crisis erupted in late 2008 , as port congestion on the U.S. West Coast and in Manila keeps vessels in work.
13 Nov 2014
Maersk Line CEO Soren Skou said today the world’s largest container line will likely order more Triple-E ships over the next six months.
12 Mar 2014
Box Ships posted its 11th consecutive quarterly profit, but the Greek container shipowner skipped a dividend payment to help it survive a slumping charter market.
26 Apr 2013
Box Ships reported net income in the first quarter of 2013 of $4.0 million, down 15 percent from $4.7 million in the first quarter of 2012.
13 Mar 2013
Box Ships intends to offer and sell 4 million of its common shares at $5.25 per share in an underwritten public offering. The offering is expected to close on March 18.
19 Feb 2013
Box Ships today reported profit in the fourth quarter of 2012 was $2.9 million, dropping 48 percent from $5.6 million in the fourth quarter of 2011.
30 Nov 2012
The Port of New York and New Jersey and its marine terminal operators did yeoman work in quickly reopening the port after Hurricane Sandy, but that turned out to be only half the battle.
02 Aug 2012
Greek container shipowner Box Ships Inc. more than doubled second quarter charter revenue to $15.44 million from $7.22 million a year ago as it continued to expand its fleet.
26 Jun 2012
Box Ships took delivery Monday of its eighth vessel, the OOCL Hong Kong, a secondhand vessel built in 1995 with capacity of 5,344 20-foot equivalent units.
17 Feb 2012
Container ship owner-charterer Box Ships reported fourth quarter net income of $5.6 million, bringing the Athens-based company’s profit to $13 million since its spinoff from Paragon Shipping in
14 Nov 2011
Box Ships booked a profit of $5.1 million in the first full quarter since the Greek container ship owner’s initial public offering on the NYSE.
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