Box Ships Inc. announces withdrawal of preferred shares and warrants offering

ATHENS, Greece, July 6, 2012

Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it is withdrawing its previously announced public offering of 700,000 units, each unit consisting of one 9.75% Series B Cumulative Redeemable Perpetual Preferred Share and one warrant to purchase one of the Company’s common shares, which were being offered pursuant to the Company’s effective shelf registration statement. The Company may elect to undertake an offering of such securities at a later date or dates, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of the securities described herein in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Box Ships Inc. press release