The company's purpose is to conclude and execute shipping transactions of any kind, in particular to conclude and execute chartering transactions as well as to provide services to other shipping companies. The company may establish branches and subsidiaries in Switzerland and abroad and participate in companies in Switzerland and abroad. The company may conduct all commercial, financial or other transactions that are suitable to promote the purpose of the company. The company may acquire, hold, encumber and sell real estate. Furthermore, the company may provide financing services to group companies and grant loans.