Box Ships Inc. Announces Public Offering
of $30,000,000 of its Common Shares

ATHENS, Greece, July 12, 2012

Box Ships Inc. (NYSE:TEU) today announced that it intends to offer and sell $30,000,000 of its common shares in an underwritten public offering.

The Company intends to grant the underwriters a 30-day option to purchase an additional $4,500,000 of its common shares to cover over-allotments, if any.

Neige International Inc., a company controlled by our Chairman, President and Chief Executive Officer, Mr. Michael Bodouroglou, is expected to purchase up to 2.6% of the common shares sold in the offering at the public offering price.

Box Ships Inc. press release