Paragon Shipping Inc. Announces Recent Developments on its Debt Agreements, New building Contracts and Other Corporate Actions
ATHENS, Greece, April 28, 2016 -- Paragon Shipping Inc. ("Paragon" or the "Company") today announced the following updates on its debt agreements, newbuilding contracts and other corporate actions:
The Company has entered into an agreement with Jiangsu Yangzijiang Shipbuilding Co., or Yangzijiang, to extend the deliveries of its three Kamsarmax newbuilding drybulk carriers (Hull numbers YZJ1144, YZJ1145 and YZJ1142), to September 30, 2016, October 31, 2016 and November 30, 2016, respectively, subject to certain conditions.
Read more: Paragon Shipping Inc ( PRGN )
Published: 29 April 2016
Written by Editor