The company's purpose, both in Switzerland and abroad, is the acquisition, sale and holding of participations, in particular in relation to ships, in all types of companies and enterprises, excluding real estate participations. To this end, the company may provide administrative services and participate in industrial and commercial enterprises. It may also participate in the financing, in particular by providing guarantees and securities of all kinds, of other entities of the group to which the company belongs in the interest of the said group, and establish branches in Switzerland and abroad. The company may also carry out all activities directly or indirectly related to the above-mentioned purpose.