NEW YORK, NY--(Marketwire - December 7, 2010) - Capital Link Weekly Markets Report features Michael Bodouroglou, the Chairman and CEO of Paragon Shipping Inc. (NYSE: PRGN), who discusses Paragon Shipping and the dry bulk sector.

The interview can be accessed free of charge at www.CapitalLinkShipping.com or by copying and pasting the link below in your browser.

http://links.capitallink.com/?l=sn1048-P

On October 19^th, Capital Link launched its new Weekly Markets Report in PDF Format. Its aim is to foster better understanding of shipping and raise its profile in the wider investment community by providing on a systematic basis a comprehensive weekly review of developments and trends in the shipping markets as well as on listed shipping companies. To this effect Capital Link has partnered with well known organizations that provide core content on the shipping and capital markets in addition to Capital Link's own content. The Weekly Report does not intend to provide investment advice or advice of any kind and is provided without any guarantee as to the accuracy or completeness of the information therein.

The Weekly Report provides information on

• Shipping Markets (dry bulk, tanker and container, sales purchase and demolition markets, freight rates and vessel values, and FFAs);
• Other Major Markets (China Update)
• Capital Markets (Shipping Equities, Maritime Bonds, Trading Statistics);
• Weekly News of all U.S. listed shipping companies;
• Highlights a Company Profile, a CEO Interview and other topics of interest
• Provides a Calendar of Quarterly Earnings Announcements for listed shipping companies

The Weekly Markets Report is available free of charge.

Those interested can access it every Monday on Capital Link's shipping website, at www.CapitalLinkShipping.com or they can submit a request at shipping@capitallink.com to receive it electronically every Monday free of charge.

About Paragon Shipping Inc.

Paragon Shipping Inc. is an Athens, Greece-based international shipping company specializing in the transportation of drybulk cargoes and containers. The Company's current fleet consists of eleven drybulk carriers, consisting of eight Panamax drybulk carriers, two Supramax drybulk carriers and one Handymax drybulk carriers with an aggregate capacity of approximately 747,994 dwt and a weighted average age of 7.3 years, as well as two 2010-built containerships with an aggregate capacity of approximately 6,852 TEU. In addition Paragon has agreed to acquire four Handysize and three Kamsarmax newbuilding drybulk carriers expected to be delivered to Paragon between October 2011 and December 2012.

Visit the Company's website at www.paragonship.com

About Capital Link, Inc.

Capital Link is a New York-based advisory, investor relations and financial communications firm. Among other activities, Capital Link has made a strategic commitment to the shipping industry, becoming the largest provider of investor relations and financial communications services to international shipping companies listed on the US and European Exchanges. Capital Link's headquarters are in New York, with a presence in London and Athens. Capital Link is a member of the Baltic Exchange.
Capital Link's initiatives aimed to foster better understanding of shipping among investors include

• Shipping website (www.CapitalLinkShipping.com),
• The Weekly Markets Report,
• Investor Forums in New York, London and Athens,
• Industry Webinars (www.CapitalLinkWebinars.com)
• Maritime Indices (www.MaritimeIndices.com), which are also available on Bloomberg, Reuters and Factset and are already referenced by several analysts

Contact Information:

Contact
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Fax (212) 661-7526
E-mail: shipping@capitallink.com
http://www.capitallinkshipping.com
http://www.capitallink.com