Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping Inc. (NASDAQ: PRGN) Discusses the Dry Bulk Sector and the Company

NEW YORK, NY--(Marketwire - March 8, 2010) -  Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping (NASDAQ: PRGN), was interviewed by Barry D. Parker of BDP1. The interview focused on the development of Paragon Shipping Inc. along with the development of the dry bulk shipping sector in general.

The interview is featured on www.CapitalLinkShipping.com under "Interviews" as well as by copying and pasting on your browser or clicking on the link below:
http://shipping.capitallink.com/interviews/2010/bparker_interviews_paragonshipping.html

About Paragon Shipping Inc.

Paragon Shipping Inc. is an Athens, Greece-based international shipping company specializing in the transportation of drybulk cargoes. The Company's current fleet consists of eleven vessels with a total carrying capacity of 719,483 dwt.

About Barry Parker:

Barry Parker is a financial writer and analyst. His articles appear in a number of prominent maritime periodicals including Fairplay, Seatrade, Lloyds Shipping Economist and Janes Transport Finance and Capital Link Shipping.

About www.CapitalLinkShipping.com:

Capital Link Shipping is a web based resource whose objective is to facilitate investor knowledge and understanding of shipping and its listed companies, and to facilitate the exchange of information among listed companies, industry participants and investors. The site provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants.

The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.

The website is operated by Capital Link, a New York based Investor Relations and Financial Communications firm with a strategic focus on shipping. Capital Link provides Investor Relations and Financial Communications services to several listed shipping companies including Safe Bulkers.

Contact Information:

For more information, please contact:
Nicolas Bornozis
Capital Link, Inc.
Tel. 212-661-7566
E-mail:shipping@capitallink.com