Paragon Shipping is an
international shipping company incorporated under the laws of the
Republic of the Marshall Islands with executive offices in Athens,
Greece, specializing in the transportation of drybulk cargoes.
Paragon Shipping's current fleet consists of thirteen drybulk vessels
with a total carrying capacity of 816,472 dwt. In addition, Paragon
Shipping's current newbuilding program consists of one Handysize
drybulk carrier scheduled to be delivered in the fourth quarter of
2013, as well as two Ultramax drybulk carriers and two 4,800 TEU
containerships that are scheduled to be delivered in 2014. Paragon
Shipping has granted Box Ships Inc., an affiliated company, the
option to acquire its two containerships under construction.