Box Ships Inc. Announces Management Transition

ATHENS, Greece, March 24, 2015 /PRNewswire/ -- Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, today announced that its Board of Directors has appointed Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of the Company, to act as Interim Chief Financial Officer of the Company. This follows the departure of Mr. Robert Perri, Chief Financial Officer, from the Company, effective today. The Company will look for a permanent replacement.

"After five years at the Company, I have decided to pursue a different career path more in line with my past experience. I truly appreciate my time at Box Ships, and the strong cooperation we had with everyone involved with the Company. More importantly, I would like to thank Mr. Bodouroglou, our Chairman and CEO, along with the Board of Directors for their trust and support over the years." Mr. Perri stated.

Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of the Company, commented: "We want to thank Mr. Perri for his hard work, dedication and contributions starting with the Initial Public Offering of the Company through the most recent loan restructuring, and we wish him luck in his new career pursuits."

For additional up to date information on the Company, please go to our website at www.box-ships.com and download our latest investor presentation, updated with latest developments.

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 10.2 years. The Company's common shares and Series C Preferred Shares trade on the New York Stock Exchange under the symbols "TEU" and "TEUPRC," respectively.

Contacts
Box Ships Inc.
+30 210-891-4600
[email protected]

Allen & Caron Inc.
Michael Mason (Investors)
[email protected]
(212) 691-8087

SOURCE Box Ships Inc.

Related Links

http://www.box-ships.com