The purpose of the company is the development and distribution of products for the shipping industry as well as the provision of services in this sector. The company may establish branches and subsidiaries in Switzerland and abroad. The company may, also without adequate consideration, conduct business with related parties, in particular with its direct and indirect shareholders as well as other group companies, notably grant loans to these persons or issue guarantees, sureties, pledges or other securities to secure their liabilities. The company may acquire, manage, encumber and sell real estate and investments in Switzerland and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.