Box Ships Inc. (NYSE:TEU) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its common shares. The shares will be repurchased in the open market, at times and prices that are considered to be appropriate by the company, but is not obligated under the terms of the program to repurchase any shares.

The repurchase program will be valid for a period of 12 months.