Box Ships Inc. Announces Adjournment of Annual General Meeting of Shareholders

Box Ships Inc. Announces Adjournment of Annual General Meeting of Shareholders

PR Newswire

ATHENS, Greece, Oct. 23, 2013

ATHENS, Greece, Oct. 23, 2013 /PRNewswire/ --Box Ships Inc. (NYSE: TEU) (the
"Company") announced that the Annual General Meeting of Shareholders (the
"Annual Meeting") of the Company held today has been adjourned until November
12, 2013 to allow additional time for the solicitation of proxies. The
meeting will re-convene at the premises of the Company at 15 Karamanli Ave.
166 73 Voula, Greece, on November 12, 2013 at 2:00 p.m. local time.

The business scheduled for the re-convened Annual Meeting remains the same as
set forth in the Company's Proxy Statement for Annual General Meeting of
Shareholders dated September 20, 2013. Shareholders of the Company will
consider and vote upon proposals:

1.To elect one Class B Director to serve until the Company's 2016 Annual
    General Meeting of Shareholders ("Proposal One");
2.To ratify the appointment of Deloitte Hadjipavlou Sofianos & Cambanis S.A.
    as the Company's independent auditors for the fiscal year ending December
    31, 2013 ("Proposal Two");
3.To ratify the Company's execution and delivery, and approve the Company's
    performance, of a corporate guarantee in connection with the guarantee of
    a loan of up to $69.0 million, made between Irises Shipping Ltd. and
    Nereus Navigation Ltd., two wholly-owned subsidiaries of Paragon Shipping
    Inc., and China Development Bank Corporation ("Proposal Three"); and
4.To transact such other business as may properly come before the meeting or
    any adjournment thereof.

Adoption of Proposal One requires the affirmative vote of a plurality of the
votes cast at the Meeting by the shareholders entitled to vote at the Meeting.
Adoption of Proposal Two requires the affirmative vote of a majority of the
votes cast at the Meeting by the holders of shares of stock entitled to vote
thereon. Adoption of Proposal Three requires a vote of the holders of a
majority of all outstanding shares entitled to vote thereon.

Shareholders who have not already done so are encouraged to vote on the
proposals. Shareholders who have already voted need not take any further
action. Shareholders who have already voted may change their vote by
submitting a revised proxy prior to November 12, 2013.

About Box Ships Inc.

Box Ships Inc. is an Athens, Greece-based international shipping company
specializing in the transportation of containers. The Company's current fleet
consists of nine containerships with a total carrying capacity of 43,925 TEU
and a TEU weighted average age of 8.7 years. The Company's common shares trade
on the New York Stock Exchange under the symbol "TEU."

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking
statements" as defined by U.S. federal securities laws. Words such as, but
not limited to, "believe," "expect," "anticipate," "estimate," "intend,"
"plan," "targets," "projects," "likely," "will," "would," "could" and similar
expressions or phrases may identify forward-looking statements. All
forward-looking statements involve risks and uncertainties. Actual results or
developments may differ materially from those projected or implied in these
forward-looking statements. Factors that may cause such a difference include,
without limitation, risks and uncertainties related to market conditions and
other risks set forth in the Company's annual report filed on Form 20-F for
the fiscal year ended December 31, 2012.

Contacts
Box Ships Inc.
ir@box-ships.com

Allen & Caron Inc.
Michael Mason (Investors)
michaelm@allencaron.com
(212) 691-8087

Len Hall (Media)
len@allencaron.com
(949) 474-4300

SOURCE Box Ships Inc.

Website: http://www.box-ships.com