Company Information


Zip Code: MH96960 
Telephone: 011 32 3 247 59 35 

Description of Business

Primary SIC Code: 4731
(As filed with the SEC)  

We are a blank check company incorporated pursuant to the laws of the Republic of the Marshall Islands, formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization or other similar business combination, vessels, vessel contracts (including contracts for the purchase and charter-in by us of vessels) or one or more operating businesses, which we intend to be in the international maritime shipping industry, and which we refer to throughout this annual report as our initial business combination. While we may pursue one or more acquisition opportunities in various sectors of the international maritime shipping industry, in the event that we find opportunities in one or more different sectors that are more compelling than other sectors, including unrelated to the shipping industry, we may pursue those opportunities.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.04Total Liab/Total Assets0.97
Net Inc/Total Assets0.00Total Liab/Inv Cap29.55
Net Inc/Inv Cap-0.08Total Liab/Comm Equity15.81
Pretax Inc/Net SalesNAInterest Coverage Ratio-2.32
Net Inc/Net SalesNACurr Debt/EquityNA
Cash Flow/Net SalesNALTD/EquityNA
SG&A/NetSalesNATotal Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick Ratio1.03
Inventory TurnoverNACurrent Ratio1.03
Inventory Day SalesNANet Rec/Curr Assets0.00
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  12/31/2017 12/31/2016
Total Revenues(Net Sales) NA NA
Cost of Goods Sold NA NA
Selling & Admin Exps 1.32 0.40
Operating Income -1.32 -0.40
Interest Exp 0.10 0.03
Pretax Income -0.34 -0.40
Other Income 1.08 0.03
Net Income Bef Extraordinary ... NA NA
Net Income -0.38 -0.40

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016
Cash & Short Term Investments 152.55 153.59
Receivables - Total 0.00 0.00
Inventories - Total NA NA
Total Current Assets 152.73 153.59
Net Property, Plant & Equipment NA NA
Total Assets 152.73 153.59
Accounts Payable 0.28 0.76
Debt in Current Liabilities NA NA
Total Current Liabilities 147.73 0.76
Long-Term Debt NA NA
Total Liabilities 147.73 148.59
Stockholder's Equity    
Minority Interest NA NA
Preferred Stock NA NA
Common Stock 0.00 0.00
Retained Earnings -4.34 -3.96
Treasury Stock NA NA
Total Stockholders' Equity 5.00 5.00
Total Liabilities and Stockholders' Equity 152.73 153.59

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016
Net Cash Provided by Operating Activities -1.04 -0.11
Net Cash Provided by Investing Activities 0.00 0.00
Net Cash Provided by Financing Activities 0.00 153.71

Annual Summary Data (Millions)

Year Sales Net Income EPS
Growth RatesNaN----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own

Report Date : 7/16/2018

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