charter duration of 35.3 months. The parent company, Paragon Shipping ( PRGN ), has a market capitalization of $163 million. PRGN ’s stock declined 30% in the last six months. PRGN is spinning off two of its 14 ships to TEU. TEU’s management
Pradeep Kandasamy submits: Shipping Industry Overview I track mainly three sectors in shipping - dry bulk shippers, tankers and containers. The dry freight sector has been hit the hardest - facing over supply from new builds, reduction in demand and quite a few black swans in the recent past. These
We are no longer providing equity research coverage on Paragon Shipping PRGN . We provide broad coverage of more than 1,700 companies across 91 industry groups, and adjust our coverage as necessary based on client demand and investor interest.
Paragon in a manner that is favorable to outside shareholders.Based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and primarily rents these assets through multiyear agreements. Paragon
We are placing Paragon Shipping PRGN under review as we transfer coverage to a new analyst .
Dry-bulk ship owner Paragon PRGN reported second-quarter earnings Aug. 11 that tracked our expectations. With its fleet entirely set on fixed-rate contracts
On Tuesday, Paragon Shipping PRGN reported first-quarter results that generally met our expectations. Although the firm posted lower revenue growth than we had
and the structure is not unlike recent maneuvers by fellow dry-bulk ship owners TBS International TBSI and Paragon Shipping PRGN . Although Excel faces higher interest costs in connection with its updated debt agreements, we're encouraged
Paragon Shipping PRGN reported fourth-quarter results Wednesday that reflected its solid contract coverage. With revenue and profitability relatively