Paragon Shipping Inc. is an international shipping company specializing in the transportation of drybulk cargoes and containers.

Our vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes covering a number of industries. Our Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain and a variety of other drybulk commodities. Our Handymax drybulk carriers carry iron and steel products, fertilizers, minerals, forest products, ores, bauxite, alumina, cement and other construction materials. These raw materials and products are used as production inputs in a number of industries. We transport these various cargoes on several geographical routes. Our fleet carrying capacity totals 794,634 deadweight tons. After the delivery of the Newbuildings, our drybulk fleet carrying capacity will increase to approximately 1.2 million deadweight tons. With the addition of the two 3,426 TEU containerships, our containership fleet carrying capacity will be 6,852 TEU.

We are focused on delivering shareholder value by maximising returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.

Please browse our site to find out more about our activities.

We are a Marshall Islands registered company that was formed in April 2006.Our business strategy is focused on building and maintaining enduring relationships with charterers of drybulk carriers and providing reliable seaborne transportation services at competitive cost. We seek to create shareholder value by acquiring and operating second hand drybulk carriers in the Panamax and Handymax sectors, and employing them in a combination of "spot charter", and "period time charter" contracts. Mr. Michael Bodouroglou, our Chief Executive Officer, has been active in shipping since 1976 and formed the Company's related technical and commercial ship-management company, Allseas Marine S.A. in 1991. Allseas has established a reputation in the international drybulk shipping industry for operating and maintaining a fleet with high standards of performance, reliability and safety. (Please visit the website for Allseas Marine S.A. at www.allseas.gr). Paragon Shipping Inc. is fully committed to promoting openness, ethical conduct and integrity in all its dealings and has developed a 'code of business ethics and conduct' establishing rules and standards regarding behavior and performance.

Our executive offices are located in Voula, Athens, Greece and we have been listed on the NYSE since March 2010 and trade under the symbol "PRGN".

We currently operate a fleet of eleven dry bulk carriers. Our fleet deployment strategy for our new purchases will be to try to employ these vessels in the medium and long term time charter market, while our current fleet is deployed in one to two years time charter. We anticipate that this strategy will result in better opportunities and greater transparency of earnings. From time to time management will adjust our fleet deployment strategy according to the prevailing and expected dry bulk shipping charter market conditions.

Our vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes for a number of industries. Our Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain for feedstocks. Our Handymax drybulk carriers carry iron and steel products, fertilizers, minerals, forest products, ores, bauxite, alumina, cement and other construction materials. These raw materials and products are used as production inputs in a number of industries. We transport these various cargoes on several geographical routes.

"To provide a world class shipping service, meeting the individual requirements of our Clients, while adding value and sustaining growth on behalf of the shareholders and operating safely and efficiently with regard to employees and the environment."