Chief executive Michael Bodourogloutells TradeWinds the cultivation of alliances in the East is at the core of anexpansion campaign that saw his company procure prime newbuilding slots at Jiangsu Yangzijiang Shipbuilding.
On WednesdayNasdaq-quoted Paragon announced a contract to construct three 81,800-dwt bulkersthat are due for delivery in 2015, an increasingly rare timetable that led manyto believe the $91.7m transaction involved the acquisition of resales.
Thismay
