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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:54 EDTTEUBox Ships reports Q4 adjusted EPS 19c vs. 19c a year ago
Reports Q4 adjusted time charter revenues $18.56M vs. $19.38M a year ago. The company said last night, "The fourth quarter of 2013 was a challenging one, despite being our eleventh consecutive profitable quarter as a public company. The containership market continues to be pressured by the extended weakness in Europe and the United States, and charter rates have continued to decline during the fourth quarter."
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July 22, 2014
16:11 EDTTEUBox Ships announces full repayment of loan with Commerzbank
Box Ships announced the full repayment of the outstanding amount under its loan agreement with Commerzbank AG, dated July 29, 2011. The outstanding amount of the loan, as of July 21 amounted to $21.5M and the parties agreed to the payment of $15.0M plus accrued interest, in full and final settlement of the loan. The gain from this transaction is expected to be approximately $6.4M and will be reflected in the Q3.

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