Paragon Shipping Inc. (OTCMKTS: PRGNF) is a Greece-based shipping company engaged in the seaborne transportation of drybulk commodities. The company’s core business centers on owning and operating a modern fleet of Panamax and Supramax drybulk carriers. These vessels are chartered to transport a range of bulk cargoes—including iron ore, coal, grain and fertilizers—across major trade routes in the Atlantic, Pacific and Indian Oceans.
Since its incorporation in 2004, Paragon Shipping has focused on expanding and modernizing its fleet to meet evolving customer needs and regulatory standards. The company took delivery of several newbuild vessels in the late 2000s and has periodically recycled older tonnage to maintain fuel efficiency and compliance with environmental guidelines. Its commercial platform combines time charters, voyage charters and pool arrangements to optimize vessel utilization and manage market exposure.
Paragon Shipping serves a diverse roster of charterers—from multinational mining houses to agricultural exporters—and regularly calls at ports in North America, Europe, Asia and Australia. The firm’s operations are supported by shore-based offices in Piraeus, Greece, and a network of technical managers and shipbrokers that oversee vessel maintenance, crewing and commercial negotiations.
The company is led by a management team with deep experience in Greek and international shipping markets. Drawing on decades of maritime expertise, Paragon Shipping’s leadership emphasizes safety, operational reliability and customer service. The board and executive officers continually evaluate market conditions and strategic opportunities to enhance the company’s competitive position in the global drybulk sector.
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