operation of shipping companies and maritime transportation of goods of all kinds, particularly in the Mediterranean, both on its own account and on behalf of third parties. The company may also create or participate in all enterprises exercising similar activities as well as carry out all operations directly or indirectly related to the company's purpose or likely to develop its interests. The company may establish branches and subsidiaries in Switzerland and abroad and hold participations in companies in Switzerland and abroad, it being specified that it may hold participations in real estate companies with exclusively commercial use in Switzerland. The company may hold, manage and sell real estate abroad, in Switzerland only those with exclusively commercial use. The company may acquire, operate, use and exercise all intellectual property rights, trademarks, models and/or designs, in any way whatsoever. The company may provide management services to all companies affiliated with it. The company may conclude and/or take advantage of financing of any kind for its own account or on behalf of third parties and, in particular, credit or securities transactions (including the granting of privileges, assignments and transfers of ownership as security, guarantees, surety contracts, letters of intent, indemnification obligations and economic benefits associated with these transactions), for remuneration or free of charge, with, in favor of and/or in relation to the commitments of direct or indirect shareholders, subsidiaries and other affiliated companies, even if these financing, credit or hedging transactions are in the exclusive interest of direct or indirect shareholders and/or affiliated companies.