|By PR Newswire||
|March 5, 2014 04:01 PM EST||
ATHENS, Greece, March 5, 2014 /PRNewswire/ -- Paragon Shipping Inc. (NASDAQ: PRGN) ("Paragon Shipping" or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today that it has signed shipbuilding contracts for three eco-design Kamsarmax drybulk carriers. These eco-design Kamsarmax newbuildings have a carrying capacity of 81,800 dwt each, and will be built at Jiangsu Yangzijiang Shipbuilding Co. Two of the newbuildings are scheduled to be delivered in the second quarter of 2015 and one is scheduled to be delivered in the fourth quarter of 2015. The total consideration for these three newbuilding contracts is $91.65 million.
Commenting on the developments, our Chairman and CEO, Michael Bodouroglou stated: "We are pleased to announce the purchase of three more eco-design vessels that are a direct complement to our current fleet. With this order, we have increased our newbuilding orderbook to 7 drybulk vessels and one containership, which brings our total fleet to 22 vessels and improves our fleet profile significantly. We believe we are at the start of a strong year for the drybulk market and are positioning Paragon to take advantage of an improving market."
About Paragon Shipping
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 fourteen drybulk vessels with a total carrying capacity of 853,699 dwt. In addition, Paragon Shipping's current newbuilding program consists of two Ultramax drybulk carriers and one 4,800 TEU containership that are scheduled to be delivered in 2014, and two Ultramax drybulk carriers and three Kamsarmax drybulk carriers that are scheduled to be delivered in 2015. Paragon Shipping has granted Box Ships Inc., an affiliated company, the option to acquire its containership under construction. For more information, visit: www.paragonship.com. The information contained on the Paragon Shipping's website does not constitute part of this press release.
Paragon Shipping Inc.
Allen & Caron Inc.
Rudy Barrio (Investors)
Len Hall (Media)
SOURCE Paragon Shipping Inc.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 8, 2015 02:15 AM EDT Reads: 1,125
Jul. 8, 2015 12:00 AM EDT Reads: 2,535
Jul. 7, 2015 10:30 PM EDT Reads: 2,498
Jul. 7, 2015 10:15 PM EDT Reads: 1,241
Jul. 7, 2015 09:30 PM EDT Reads: 1,252
Jul. 7, 2015 08:00 PM EDT Reads: 1,001
Jul. 7, 2015 07:00 PM EDT Reads: 2,641
Jul. 7, 2015 07:00 PM EDT Reads: 2,670
Jul. 7, 2015 05:45 PM EDT Reads: 2,512
Jul. 7, 2015 05:00 PM EDT Reads: 2,331
Jul. 7, 2015 05:00 PM EDT Reads: 2,293
Jul. 7, 2015 04:45 PM EDT Reads: 1,754
Jul. 7, 2015 04:15 PM EDT Reads: 890
Jul. 7, 2015 04:00 PM EDT Reads: 2,000
Jul. 7, 2015 03:45 PM EDT Reads: 1,471