Positioned strategically at the Baltic Sea entrance to Stockholm, it has traditionally been the location of several military buildings.<ref>Stockholms Sjögård, Maritim kultur: Skepps- och Kastellholmarna, accessed 2013-08-28 Template:In lang</ref> Today, the military presence is low, and several museums can be found there instead, such as the Museum of Modern Art (Moderna museet), the main modern art museum of Stockholm, the architectural museum in the same building, and the East-Asian museum (Östasiatiska Muséet). It is also home to the Teater Galeasen. On the southern shore is the old sailing ship af Chapman which is now used as a youth hostel. Stockholm Jazz Festival is a popular annual summer event held on Skeppsholmen.
