By Andres Rueda : Genco Shipping & Trading Limited ( GNK ) recently released its financial report for the second quarter of 2013. The numbers were disappointing. The company recorded a net loss of US$45.369 million, or a US$1.05 basic and diluted loss per share. The company continued burning ...
By J. Mintzmyer : I wrote my first article on Box Ships ( TEU ), a pure container ship spin-off from Paragon Shipping ( PRGN ), late last August on Seeking Alpha. I touted the company's 15% potential dividend yield and expected the
Glen Bradford submits: Greece wouldn't be in so much trouble if it weren't for the oversupply of shipping capacity and the overcapacity of shipbuilding production -- on a global scale. China has an insatiable appetite for acquiring more industrial commodities than it can put to use using a positive
The dry bulk market is still depressed after the global financial crisis. Too many ships are on order, there are too few demolitions, there’s too little growth in demand relative to supply and there's a fragmented market. I am not ready to say that the worst is behind us but in the long term I ...
and Morgan Stanley ( MS ) are the lead underwriters on the deal. Box Ships Inc. ( TEU ), a newly formed Paragon Shipping - ( PRGN ) and CEO-backed Greek containership owner, plans to raise $160 million by offering 10 million shares at
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
Neil Carvin submits: Paragon Shipping , Inc. ( PRGN ) earned $0.04 per diluted ..... quarter. This post reviews Paragon Shipping 's Income Statement for ..... Profitability and Value. Paragon Shipping owns and charters ships that
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