Thecontainership operating company said it has seen the deadline extended bytwelve months until 19 April 2014.
Paragonholds around 16.4% of Box Ships shares and Michael Bodouroglou is chiefexecutive and chairman of both companies.
Duringthe remaining term of the loan, Box Ships is required to make quarterlyprincipal installment payments of $1m each from 19 April 2013 with a finalballoon payment on the maturity date.
Inreturn
