At the same time, we are constantly looking for acquisitions that will allow us to grow the company, expand our portfolio charters, while at the same time increasing our cash flow. We understand that the macroeconomic environment in containership markets today remain challenging and that is why we fixed 78% of our revenue days for the remainder of 2012 and for 2013.However, we remain confident that the demand for containerships will continue to grow in the years ahead and that charter rates will improve. We have invested in the mid-sized segment which has sound fundamentals with staggered charter maturities we have positioned our company to take advantage of any upturn in the containership industry while at the same time securing our cash flows.
Box Ships' CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.