The company's purpose is to operate a shipping company, in particular the operation of passenger ships as well as the leasing and chartering of ships. It also aims to trade in ships and provide all related services and ancillary services. The company may establish branches, agencies and/or subsidiaries in Switzerland and abroad and may participate in other companies in Switzerland and abroad as well as conduct all business directly or indirectly related to its purpose. The company may acquire, hold, encumber and dispose of real estate and intellectual property rights to the extent permitted by law. The company may also engage in all commercial, financial and other activities directly or indirectly related to the company's purpose. The company may grant loans and other direct or indirect financing to affiliated companies and third parties, including their (direct and indirect) shareholders and their affiliated companies, and provide security of any kind for their liabilities, including by pledging or fiduciary transfer of the company's assets or guarantees of any kind, whether or not for a fee.