Paragon Shipping Inc. · Voula, Attikí Greece ·(NASDAQ (GM): PRGN)
Company Description
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This link will open in a new window Paragon Shipping strives to be a shining example of efficiency in the marine transportation of dry bulk cargo. The company owns a fleet of about a dozen vessels, including Handymax, Panamax, and Supramax units, that are chartered to shippers, typically on one- to two-year terms. Paragon's vessels, which have a total capacity of more than 750,000 deadweight tons (DWT), carry such commodities as bauxite, coal, grain, iron ore, fertilizers, and phosphate worldwide. Investment firm Morgan Stanley , a leading commodity trader, accounts for about 30% of the company's sales. To read the full description, subscribe now.
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Key Paragon Shipping Inc. Financials
| Company Type | Public - NASDAQ (GM): PRGN Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $161.1 |
| 2008 Employees | 304 |
Paragon Shipping Inc. Executives
9 executives listed for Paragon Shipping Inc.'s Voula, Attikí location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Michael Bodouroglou | Network |
| COO | George Skrimizeas | Network |
| CFO | Christopher Thomas | Network |
Competition
Competitive Landscape for Paragon Shipping Inc.
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Paragon Shipping Inc. Competitors
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