Box Ships Inc., (NYSE: TEU), a global shipping company specializing in the transportation of containers, announced 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's news release said.
The Company may elect to undertake an offering of such securities at a later date or dates, subject to market and other conditions.
Athens-headquartered Box Ships Inc. is an international shipping company specializing in the transportation of containers. Our vessels are trading worldwide in a multitude of trade routes. We are focused on maximizing shareholder value by maximizing returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.