Paragon Shipping Inc. Stock Analysis PRGNF

Paragon Shipping, Inc. provides global shipping transportation services. The company is headquartered in Athina, Attiki and currently employs 0 full-time employees. The company went IPO on 2007-08-10. The firm specializes in transporting drybulk cargoes, including commodities as iron ore, coal, grain and other materials, along shipping routes across the world. The company focuses on newbuilding program, including over three Kamsarmax drybulk carriers with fleet carrying capacity of over 245,400 deadweight tons. Allseas Marine S.A. and Seacommercial Shipping Services S.A provide commercial and technical management services for its fleet. Its technical management services include arranging for and managing crews, maintaining regulatory and classification society compliance, and providing technical support. Its commercial management services include negotiating charters for its vessels, monitoring various types of charters, monitoring the performance of its vessels, financing and negotiating the purchase and sale of its vessels, and obtaining insurance for its vessels and finance and accounting functions.