Paragon Shipping Company Description
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.
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The Company Description provides a historical perspective of Paragon Shipping's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Paragon Shipping's evolution in the marketplace.
