1231 results found for 'paragon'

1231 results found for 'paragon'
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  • Paragon Shipping Sells Its Entire Dry Bulk Fleet

    10 March 2016
    Business & Finance

    Athens-based dry bulk specialist Paragon Shipping has decided to sell all of its six dry bulk vessels to unnamed third parties as it aims for a full and final settlement of the outstanding amount of the company’s debt. The vessels in question are the M/V Coral Seas, the M/V Golden Seas, the M/V Prosperous Seas, the M/V Precious Seas, […]

  • DOF’s new offshore support vessel starts taking shape in Poland

    16 May 2025
    Business Developments & Projects

    Poland’s CRIST has held the keel laying ceremony for an offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group.

  • Paragon Shipping Sells Vessel to Chop Loan

    12 January 2016
    Business & Finance

    Greek dry bulk shipping company Paragon Shipping Inc. has sold its 72,493 dwt Panamax bulk carrier M/V Kind Seas for USD 3.5 million to an unaffiliated third party.  The total net proceeds of the vessel sale will be paid towards an immediate prepayment of the company’s loan facility with Bank of Ireland. Paragon Shipping said that of the remaining loan […]

  • Paragon bags North Sea deal with Centrica

    13 March 2017
    Business & Finance, Exploration & Production

    Drilling contractor Paragon Offshore has been awarded a contract for a jack-up rig in the UK sector of the North Sea and decided to scrap one semi-submersible rig.  In its latest fleet status report issued on Friday, March 10 the driller said the jack-up rig B391 has been awarded a subsea plug and abandonment (P&A) contract in […]

  • Noble Corp accelerates Paragon Offshore’s separation process

    1 May 2014
    Business & Finance

    Noble Corporation has announced an update to its plan to spin-off Paragon Offshore. Noble expects to effect the spin-off as a dividend of 100 percent of the shares of Paragon Offshore to Noble’s shareholders during the third quarter of this year. As previously announced, Paragon Offshore will own and operate most of Noble’s current standard […]

  • Paragon Offshore reaches agreement with creditors. Settles dispute with Noble

    12 February 2016
    Exploration & Production

    Paragon Offshore, a jack-up rig operator that came into existence after spinning off from Noble Corporation, has reached an agreement with its creditors to restructure its balance sheet. The company, recently delisted from the New York Stock Exchange, said on Friday the restructuring is expected to eliminate more than $1.1 billion of debt and approximately […]

  • Paragon Acquires Two Eco-Design Ultramaxes

    10 December 2013

    Paragon Shipping Inc. has acquired two additional Eco-Design Ultramax newbuilding dry bulk carriers from an affiliated entity with scheduled deliveries in the second quarter of 2015. The two Ultramax newbuildings are being built in Yangzhou Dayang Shipbuilding Co., a member of the Sinopacific Shipbuilding Group, and will have a carrying capacity of 63,500 dwt each. […]

  • Paragon Offshore hires ISS for support offshore Tanzania

    19 August 2015
    Business & Finance

    Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania. ISS is providing a range of services for Paragon Offshore including full husbandry, crew logistics, visa assistance and arranging marine and air charters. Paragon Offshore is deploying […]

  • Paragon Shipping Inc. buys vessels

    9 October 2007

    The ‘Coral Seas’ has a capacity of 74,477 deadweight tonnage (dwt) and can be hired for $54,000 per day for a period of 23 to 25 months. The ‘Golden Seas’ has a capacity of 74,475 dwt and can be hired for $64,000 per day for a period of 11 to 13 months. The two vessels, […]

  • Paragon Shipping to Settle Debt through Vessel Sale

    9 December 2015
    Business & Finance

    Athens-based Paragon Shipping Inc. has entered into an agreement with Commerzbank AG for the settling of all amounts outstanding under a USD 57 million facility in exchange for the net sale proceeds of three mortgaged vessels. Under the facility, approximately USD 38.2 million is currently outstanding, which will be paid by the net sale proceeds of Diamond […]

  • Paragon Offshore raising cash ahead of spin-off

    20 June 2014
    Business & Finance

    Paragon Offshore Ltd. is beginning the process of raising external financing in preparation for the spin-off in the third quarter of 2014.

  • Greece: Paragon Shipping Sells Drybulk Handymax Vessel

    19 October 2011
    Business & Finance

      Paragon Shipping Inc., a global shipping transportation company specializing in dry cargoes, agreed to sell to an unaffiliated third party its 1995-built drybulk handymax vessel, of 43,222 dwt, M/V CRYSTAL SEAS, for a gross price of $14 million. The vessel is scheduled to be delivered to her new owners by no later than the […]

  • Paragon Offshore sees 2Q profit slump. No improvement in sight

    13 August 2015
    Exploration & Production

    Paragon Offshore CEO Randall D. Stilley has said in the company’s second quarter 2015 results report that the offshore drilling environment has deteriorated further since the quarter ended and there is no improvement on the near-term horizon.  The offshore drilling contractor today reported a fall in its second quarter 2015 net income when compared to the same […]

  • Paragon Shipping Adds Two Ultramax Newbuildings

    4 October 2013

    Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, has acquired two Ultramax newbuilding drybulk carriers from an affiliated entity. The acquisition comes following the completion of its previously announced public offering of 6,000,000 common shares on September 27, 2013. The Ultramax newbuildings have a carrying capacity of 63,500 dwt each, and […]

  • Paragon nets jack-up work. Stacks drillship after early release by Petrobras

    20 September 2016
    Business & Finance, Exploration & Production

    Drilling contractor Paragon Offshore has been awarded contracts for two of its jack-ups and stacked a drillship that was previously under a contract with the Brazilian oil company Petrobras.  In its latest fleet status report issued on Monday, the drilling contractor reported that its 1977-built drillship Paragon DPDS3 was stacked in Puerto Rico. To remind, […]

  • Greece: Paragon Shipping Announces Early Termination of Charter

    31 January 2012
    Business & Finance

      Paragon Shipping Inc., announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas, a 2008-built 58,779 dwt Supramax bulkcarrier, has continued to fail to provide payment due since January 5 and has failed to provide the Vessel with voyage instructions. Accordingly, Paragon Shipping has provided written notice to the Charterer […]

  • Greece: Paragon Shipping – New Handysize Vessel Delivered

    4 May 2012
    Business & Finance

    Paragon Shipping Inc., announced today that it has taken delivery of the M/V Prosperous Seas, a 37,293 dwt Handysize vessel, from the Zhejiang Ouhua Shipbuilding Co in China. The vessel has been chartered out to Cargill International S.A. for a period of 23 to 26 months at a gross daily rate of $12,125. In addition, […]

  • Paragon Shipping Inc. takes Delivery of ninth vessel

    18 September 2007

    Paragon Shipping Inc. (Nasdaq: PRGN) has announced that it has taken delivery of the third of the three drybulk carriers that it had contracted to acquire using the net proceeds of its recent public offering together with bank borrowings.

  • Paragon: Closing of Upsized USD 34.5 Mil Follow-On Public Offering

    30 September 2013
    Business & Finance

    Paragon Shipping Inc. on Friday closed its previously-announced upsized public offering of 6,000,000 of its Class A common shares at $5.75 per share, including the full exercise of the over-allotment option granted to the underwriters to purchase up to 782,609 additional common shares. Following this offering, the Company has 17,441,442 shares of common stock outstanding. […]

  • Bassoe: Borr wakes up to reality and becomes a real company

    22 February 2018
    Exploration & Production

    With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engineered asset playing anymore. They’re a real drilling contractor.

  • Paragon Shipping Acquires Two Ultramax Drybulk Carriers

    4 October 2013
    Business & Finance

    Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced today that, following the completion of its previously announced public offering of 6,000,000 common shares on September 27, 2013, it has completed the acquisition of two Ultramax newbuilding drybulk carriers from an affiliated entity. The Ultramax newbuildings have a carrying capacity of […]

  • GALLERY: Paragon recovers drillship grounded by Hurricane Harvey

    5 September 2017
    Exploration & Production

    The U.S. Coast Guard on Monday monitored the recovery and transit of the grounded drillship Paragon DPDS1 in the Aransas Pass near Corpus Christi, Texas. To remind, the grounded drillship, formerly known as the Noble Phoenix, broke loose of its moorings on Saturday, August 26, during Hurricane Harvey, sinking a tugboat in the process. Last […]

  • Greece: Paragon Shipping Charters Out MV Precious Seas

    20 June 2012
    Business & Finance

    Paragon Shipping Inc. announced yesterday that it has taken delivery of the M/V Precious Seas, a 37,205 dwt Handysize vessel, from the Zhejiang Ouhua Shipbuilding Co. in China. The vessel has been chartered out to Cargill International S.A.  for a period of 23 to 26 months at a gross daily rate of $12,125. In addition, […]

  • Semco Maritime to fix up Paragon rig for new gig

    9 March 2016
    Business & Finance, Exploration & Production

    Semco Maritime has won a contract with Paragon Offshore for intermediate classification and service works on the semi-sub drilling rig Paragon MSS1. The work on the 1979-built rig will be done in order to prepare the rig for a recently won contract in the North Sea. The service works will be performed at Semco Maritime’s […]

  • Greece: Paragon Shipping to Renegotiate Charter for MV Friendly Seas

    18 January 2012
    Business & Finance

      Paragon Shipping Inc., announced that it has been notified by Deiulemar Compagnina di Navigazione SpA, the charterer of the M/V Friendly Seas, a 2008 built 58,779 dwt Supramax bulkcarrier, that it will seek to modify the terms of the existing charter, which has a remaining duration of about 27 months (assuming earliest redelivery) at […]