UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date: February 5, 2010 2:00 P.M.
Form: F-3
CIK: 0001401112
Company Name: Paragon Shipping Inc.
File Number: 333-164370
CIK: 0001438662
Company Name: CAMELIA NAVIGATION S.A.
File Number: 333-164370-15
CIK: 0001439152
Company Name: CANYON I NAVIGATION CORP.
File Number: 333-164370-14
CIK: 0001439151
Company Name: DONNA MARINE CO.
File Number: 333-164370-13
CIK: 0001438663
Company Name: EXPLORER SHIPHOLDING LTD
File Number: 333-164370-12
CIK: 0001438664
Company Name: FAIRPLAY MARITIME LTD.
File Number: 333-164370-11
CIK: 0001439146
Company Name: FRONTLINE MARINE CO.
File Number: 333-164370-10
CIK: 0001439150
Company Name: IMPERATOR I MARITIME CO.
File Number: 333-164370-09
CIK: 0001439149
Company Name: OPERA NAVIGATION CO.
File Number: 333-164370-08
CIK: 0001439147
Company Name: TRADE FORCE SHIPPING S.A.
File Number: 333-164370-07
CIK: 0001438860
Company Name: PROTEA INTERNATIONAL INC.
File Number: 333-164370-06
CIK: 0001439148
Company Name: READING NAVIGATION CO.
File Number: 333-164370-05
CIK: 0001438862
Company Name: PALOMA MARINE S.A.
File Number: 333-164370-04
CIK: 0001442481
Company Name: EPIC INVESTMENTS INC.
File Number: 333-164370-03
CIK: 0001478743
Company Name: OVATION SERVICES INC.
File Number: 333-164370-02
CIK: 0001478744
Company Name: IRISES SHIPPING LTD.
File Number: 333-164370-01