Businessweek

Box Ships Inc., an international shipping company, engages in the seaborne transportation of containers worldwide. The company has fleet of 7 containerships with a TEU weighted average age of 4.2 years, a total capacity of approximately 33,000 TEU, and a weighted average remaining charter duration of 26 months. Business Strategy The company’s business strategy includes growing its fleet through the acquisition of secondhand vessels. Customers The company charters its vessels to four customers, Compania Sud Americana De Vapores S.A.; CMA CGM; Mediterranean Shipping Co. S.A.; and A.P. Moller—Maersk A/S. Regulation The company’s operations are subject to various laws and regulations in the form of international conventions and treaties, national, state and local laws and national and international regulations in force in the jurisdictions in which its vessels operate or are registered, which can significantly affect the ownership and operation of its vessels. These regulations include the U.S. Oil Pollution Act of 1990; the U.S. Comprehensive Environmental Response, Compensation and Liability Act of 1990; the U.S. Clean Air Act; U.S. Clean Water Act; and the U.S. Marine Transportation Security Act of 2002, as well as regulations of the International Maritime Organization (the IMO), including the International Convention on Civil Liability for Oil Pollution Damage of 1969, the International Convention for the Prevention of Pollution from Ships of 1975, the International Convention for the Prevention of Marine Pollution of 1973, the IMO International Convention for the Safety of Life at Sea of 1974, and the International Convention on Load Lines of 1966. History Box Ships Inc. was founded in 2010. The company was incorporated under the laws of the Republic of the Marshall Islands in 2010.