Under the revised agreement New York-quoted Paragon says it also managed to amend the apportionment of advances that have already been paid to the yard.

The two handysize bulkers, Hulls 612 and 625, saw their due dates pushed back to the first and fourth quarters of next year, respectively, while the containerships, Hulls 656 and 657, are now expected to hit the water in the second quarter of 2014.

Previously,