Overview

Company Profile
Paragon Shipping Inc. is an international shipping company specializing in the transportation of drybulk cargoes and the provision of commercial management services to shipping companies. We are focused on maximizing shareholder value by maximizing returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.

History
We are a Marshall Islands registered company that was formed in April 2006. Our business strategy is focused on building and maintaining enduring relationships with charterers and providing reliable seaborne transportation services at competitive rates. We seek to create shareholder value by acquiring and operating drybulk vessels and employing them in a combination of "spot charter", and "period time charter" contracts. Mr. Michael Bodouroglou, our Chief Executive Officer, has been active in shipping since 1976 and formed the Company's related technical and commercial ship-management company, Allseas Marine S.A. in 2000. Allseas has established a reputation in the international shipping industry for operating and maintaining a fleet with high standards of performance, reliability and safety. (Please visit the website for Allseas Marine S.A. at www.allseas.gr). Paragon Shipping Inc. is fully committed to promoting openness, ethical conduct and integrity in all its dealings and has developed a 'code of business ethics and conduct' establishing rules and standards regarding behavior and performance.

Location
Our executive offices are located in Voula, Athens, Greece. The company is listed on the OTCQB Venture Market and trades under the symbol "PRGNF".

Mission Statement

"To provide a world class shipping service, meeting the individual requirements of our Clients, while adding value and sustaining growth on behalf of the shareholders and operating safely and efficiently with regard to employees and the environment."

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