| (Values in U.S. Thousands) | Dec, 2015 | Dec, 2014 | Dec, 2013 | Dec, 2012 | Dec, 2011 |
| Sales | 35,880 | 58,140 | 59,530 | 53,220 | 92,090 |
| Sales Growth | -38.29% | -2.34% | +11.86% | -42.21% | -22.21% |
| Net Income | -268,710 | -51,800 | -16,950 | -17,560 | -283,500 |
| Net Income Growth | -418.75% | -205.60% | +3.47% | +93.81% | -1,337.99% |
Paragon Shipping Cla (PRGN)
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Paragon Shipping Inc. is a Marshall Islands company formed on April 26, 2006. It is a provider of shipping transportation services. The Company specializes in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Its current fleet consists of seven Panamax drybulk carriers, two Handymax drybulk carriers and two Supramax drybulk carriers with an aggregate capacity of approximately 719,483 dwt and a weighted average age of eight years as of December 31, 2009. Its customer is Korea Line Corp. and its other customers include Bunge S.A., Morgan Stanley, Eastern Ocean Transportation Co. Ltd, Great Pacific Navigation, Intermare Transport GMBH, Cosco Bulk Carrier Co. Ltd., Deiulemar Shipping S.P.A., Deiulemar Compagnia di Navigazione S.P.A. and STX Panocean Co. Ltd. The Company operates in markets that are highly competitive and based primarily on supply and demand. Some of its publicly listed competitors include Diana Shipping Inc., DryShips Inc., Excel Maritime Carriers Ltd., Eagle Bulk Shipping Inc., Genco Shipping and Trading Limited, Navios Maritime Holdings Inc., OceanFreight Inc., Star Bulk Inc. and Safe Bulkers Inc.