UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2018

Commission File Number: 001-33655

PARAGON SHIPPING INC.

(Name of Registrant)

15 Karamanli Ave., GR 166 73, Voula, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Paragon Shipping Inc. (the “Company”) currently has no active operations in the shipping industry. The Company has tried, and may continue to try again in the future, to seek ways to restructure its equity and debt capitalization, and to raise capital sufficient to re-commence operations in the shipping industry. The Company presently does not have any available credit, bank financing or other external sources of liquidity. The Company needs to obtain capital in order to re-commence operations and fund its activities.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PARAGON SHIPPING INC.

Date: April 10, 2018

By: /s/ GEORGE SKRIMIZEAS

George Skrimizeas

Chief Operating Officer

Paragon Shipping Inc. 6-K