Golden Seas: Tor Viking II tows to Dutch Harbor

PANAMAX bulker Golden Seas successfully anchored in Broad Bay in Dutch Harbor at 12:52 p.m. after the tug Tor Viking II towed it more than 500 miles along the Aleutian Islands through seas of more than 20 feet at times. The Paragon Shipping Golden Seas is carrying more than 60 metric tons of rapeseed used to make canola oil,

The company, which transports mostly dry-bulk cargoes and containers, has seen declining results in recent quarters on weak demand and lower rates as a number of ships--ordered when commodity prices were booming--were launched. But shippers recently said demand from China and India, where most of the dry-bulk ships head, remains strong.
Paragon has commissioned seven more ships, which are expected to be completed in 2011 and 2012.
Michael Bodouroglou, the Chairman and CEO of Paragon Shipping Inc. (NYSE:PRGN ), earlier

Golden Seas: Paragon Bulker tugged off Alaska

The 738-foot PANAMAX bulker Golden Seas makes 3.5 mph through 20-foot seas 50 miles north of Adak Island Dec. 3, 2010. Coast Guard aircrews were launched from Air Station Kodiak in response to a report that the Golden Seas had lost propulsion and was drifting but the crew of the vessel reported to a Coast Guard HC-130 Hercules aircrew that they had regained propulsion and were waiting on a tug to escort them to Dutch Harbor when the airecrew arrived and made contact with the vessel captain. The Golden Seas is carrying a cargo of Canola seed from Vancouver, Canada to the United Arab Emirates. The vessel also has more than 450,000 gallons of crude oil, 11,700 gallons of diesel and 10,000 gallons of lube oil on board. Destination: JEBEL ALI,U.A.E Arrival: Dec 28, 2010 08:00 UTC

Paragon Shipping Inc. is an international shipping company specializing in the transportation of drybulk cargoes and containers. Our vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes covering a number of industries. Our fleet carrying capacity totals 747,994 deadweight tons. After the delivery of the Newbuildings, our drybulk fleet carrying capacity will increase to approximately 1.2 million deadweight tons. sec


Ship Name: GOLDEN SEAS
IMO: 9305104
MMSI: 636013656
Callsign: A8OM3
Flag: Liberia

Beam: 32
Length: 225
Draught: 7.5


Built - Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., Shanghai/China in 2006
Call Sign - A8OM3
IMO - 9305104
Type - BULK CARRIER
Flag - LIBERIA
Port of Register - MONROVIA
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Ex Names - IOLCOS DESTINY
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