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About Paragon Shipping
Its shares trade under the ticker PRGNF. It has been listed since 10 August 2007. In the fiscal year to 31 December 2016, it reported revenue of $2.0m and net income of $23.8m. At that date it held total assets of $715,949 and shareholders' equity of −$18.6m.
Paragon Shipping, Inc. provides global shipping transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2007-08-10. The firm specializes in transporting drybulk cargoes, including commodities as iron ore, coal, grain and other materials, along shipping routes across the world. The company focuses on newbuilding program, including over three Kamsarmax drybulk carriers with fleet carrying capacity of over 245,400 deadweight tons. Allseas Marine S.A. and Seacommercial Shipping Services S.A provide commercial and technical management services for its fleet. Its technical management services include arranging for and managing crews, maintaining regulatory and classification society compliance, and providing technical support. Its commercial management services include negotiating charters for its vessels, monitoring various types of charters, monitoring the performance of its vessels, financing and negotiating the purchase and sale of its vessels, and obtaining insurance for its vessels and finance and accounting functions.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Marine
- Listed since
- 10 Aug 2007
- Website
- paragonship.com ↗
Leadership
Pay as last reported
- Mr. Michael BodouroglouChairman of the Board, President, Chief Executive Officer, Interim Chief Financial Officer, since 2006
- Mr. George SkrimizeasChief Operating Officer
- Mr. Nigel CleaveNon-Executive Independent Director
- Mr. Dimitrios SigalasNon-Executive Independent Director
- Mr. George XiradakisNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Paragon Shipping Inc has several strengths that contribute to its competitive advantage. Firstly, the company benefits from a strong brand reputation, built on its history of consistent quality service and customer satisfaction. This helps attract and retain customers in the highly competitive shipping industry.
- Secondly, Paragon Shipping Inc boasts a modern fleet of vessels equipped with state-of-the-art technology and adhering to the highest safety standards. This allows the company to efficiently transport goods while minimizing the risk of accidents or delays.
- Additionally, Paragon Shipping Inc has established strategic partnerships and collaborations with key industry players, enabling it to expand its market reach and access new business opportunities. Such alliances provide the company with a strong network and enhance its competitive position.
Weaknesses
- Despite its strengths, Paragon Shipping Inc also faces certain weaknesses that need to be addressed. Firstly, the company is highly dependent on the performance of the global economy, making it vulnerable to fluctuations in trade and demand for shipping services. Economic downturns can negatively impact the company's profitability.
- Secondly, Paragon Shipping Inc may face challenges in terms of rising operating costs, such as fuel expenses and regulatory compliance. These factors can put pressure on the company's financial performance and profitability if not managed effectively.
Opportunities
- Paragon Shipping Inc can capitalize on several opportunities to drive growth and expansion. Firstly, the increasing global trade presents a favorable market environment for the shipping industry. By leveraging its strong brand and strategic partnerships, the company can target new market segments and attract more customers.
- Moreover, emerging markets offer untapped potential for Paragon Shipping Inc. Investing in these regions can provide the company with opportunities for increased cargo volumes and overall business growth.
Threats
- Paragon Shipping Inc faces certain threats that pose risks to its operations. Firstly, intense competition within the shipping industry can lead to price wars and erode the company's profit margins. Staying competitive in such a market requires continuous improvement and cost management.
- Furthermore, stricter environmental regulations and sustainability concerns can impact the company's operations. Compliance with these regulations may require additional investments and potentially affect profitability if not properly addressed.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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