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Paragon Shipping announces the delivery of its handysize 'Proud Seas'

Paragon Shipping Inc. , a global shipping transportation company specializing in drybulk cargoes, announced today that it has taken delivery of M/V Proud Seas, a 37,227 dwt Handysize vessel, from Zhejiang Ouhua Shipbuilding Co. in China, the company said in its press release. In addition, the Company announced today that it has entered into an agreement with HSH Nordbank AG, subject to final documentation, to partially finance its first two Ultramax drybulk newbuildings, which are expected to be delivered to the Company in the second and third quarters of 2014. For each of the two Ultramax vessels, HSH Nordbank AG has agreed to finance the lower of $17.2 million or 65% of the vessels' market value upon their delivery. Report with photos and video: http://gcaptain.com/mv-maersk-stepnica-loses-containers/ http://www.letelegramme.fr/images/2014/01/09/2362615_container.jpg http://www.youtube.com/watch?v=7c1vbNScBf4 http://felixstowedocker.blogspot.de/2014/01/storm-damaged-maersk-stepnica-in.html