Paragon Shipping remains cautious over vessel investments

Liz McCarthy - Tuesday 9 March 2010

GREEK dry bulk owner Paragon Shipping has issued a cautious outlook on investing its cash in secondhand vessels or newbuildings as the looming oversupply of ships continues to dampen market sentiment.
Despite an anticipated pot of $300m to spend on growing the Nasdaq-listed company, Paragon chief executive Michael Bodouroglou is not jumping into an...

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