The company's purpose is to operate ships and to rent them out to related parties for a fee, including all related services. The company may establish subsidiaries and branches in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, encumber, manage and sell real estate in Switzerland and abroad. The company may engage in all commercial, financial and other activities and conclude transactions that are directly or indirectly related to the company's purpose. The company is authorized to take financing, restructuring and guarantee measures in favor of shareholders, group companies or third parties, as well as to grant loans to shareholders, group companies or third parties or to provide security for their obligations.