| Paragon Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials, and container cargo products, along worldwide shipping routes. As of March 1, 2011, its operating fleet was consisted of 11 drybulk carriers, consisting of eight Panamax drybulk carriers, one Handymax drybulk carrier and two Supramax drybulk carriers with an aggregate capacity of approximately 747,994 deadweight tonnage (dwt) and a weighted average age of 7.7 years, and two 2010-built containerships with an aggregate capacity of approximately 6,852 20-foot equivalent unit (TEU). Allseas is responsible for the technical and commercial management of its vessels. |
