A total of four newbuildings under construction at Zhejiang Ouhua Shipbuilding of China have been delayed deliveries.
Paragon Shipping has postponed delivery of two handysize bulkers and a pair of containerships.
The two bulkers' delivery has been pushed back to the first and fourth quarters of 2013 each, while the boxships are expected to hit the water in the second quarter of 2014.
Under the revised agreement Paragon says it also managed to amend the apportionment of advances that have already been paid to the yard.
Published : November 8, 2012
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