1235 results found for 'paragon'

1235 results found for 'paragon'
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  • 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 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 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 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.

  • 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 […]

  • 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 […]

  • 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.

  • 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, […]

  • Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization

    4 September 2025
    Business & Finance, Business Developments & Projects, Certification & Classification, Regulation & Policy, Rules & Regulation, Transition

    Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).

  • 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. […]

  • 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 […]

  • Paragon Shipping Places Order for Three Kamsarmax Drybulk Vessels

    6 March 2014
    Business & Finance

    Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, has signed shipbuilding contracts for three eco-design Kamsarmax drybulk carriers. These eco-design Kamsarmax newbuildings have a carrying capacity of 81,800 dwt each, and will be built at Jiangsu Yangzijiang Shipbuilding Co. Two of the newbuildings are scheduled to be delivered in the second […]

  • 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 […]

  • 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.

  • 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, […]

  • Paragon Shipping Inc. takes delivery of its tenth

    29 November 2007

    Paragon Shipping Inc. announced today that it took delivery of its tenth drybulk carrier, the Coral Seas, on November 21, 2007. This 74,477 dwt 2006-built Panamax vessel has been chartered to Bunge S.A. pursuant to a time charter with a remaining period of approximately 23 to 25 months at a rate of $54,000 per day.

  • Paragon Shipping Reaches Agreement to Postpone Newbuild Deliveries (Greece)

    8 November 2012
    Business & Finance

      Greece-based Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, yesterday announced that it has reached an agreement with Zhejiang Ouhua Shipbuilding Co., Ltd to postpone the delivery dates of the Company’s vessels under construction and to change the apportionment of the advances already paid among the vessels under construction. Under […]

  • 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 […]

  • Paragon Secures CDB Credit Facility for Two Newbuilds

    21 May 2013

    Paragon Shipping Inc. has signed an agreement for a $69 million credit facility with China Development Bank (CDB) to partially finance its two 4,800 TEU containerships currently under construction, that are expected to be delivered in the second quarter of 2014. The Company has granted an option to Box Ships Inc., a subsidiary of the […]

  • Paragon Shipping Cancels One of Its Two Newbuilding Contracts

    10 December 2013
    Business & Finance

    Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced yesterday that it has entered into an agreement with a Chinese shipyard to cancel one of its two 4,800 TEU containership newbuilding contracts at no cost to the Company, transfer the deposit to the remaining vessel and to reduce its contract price […]

  • Greece: Paragon Shipping Enters into Time Charter Agreements for Two Panamax Vessels

    8 November 2011
    Business & Finance

      Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into fixed rate time charter agreements for two of its Panamax Vessels, M/V Kind Seas, and M/V Golden Seas with Mansel LTD, an entity fully owned and controlled by Vitol SA Geneva. The M/V Kind Seas, a […]

  • Noble’s spinoff Paragon Offshore names Senior VP and CFO

    22 April 2014
    Business & Finance

    Noble Corporation plc today announced that Steven A. Manz has been appointed to the position of Senior Vice President and Chief Financial Officer of Paragon Offshore Ltd., the standard specification offshore drilling company to be created upon separation from Noble. He will report to Randall Stilley, who was named in February to serve as Chief […]

  • Paragon inks sale and leaseback deal for two Prospector jack-ups

    4 June 2015
    Business & Finance, Exploration & Production

    Paragon Offshore plc, a provider of offshore drilling rigs to the oil and gas industry, announced that its subsidiaries, which were part of the company’s acquisition of Prospector Offshore Drilling S.A., have entered into a combined $300 million sale-leaseback financing facility with subsidiaries of SinoEnergy. SinoEnergy is a private investment firm registered in the British […]