UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	August 21, 2008 3:00 P.M.

Form:	F-3
CIK: 0001401112 Company Name: Paragon Shipping Inc. File Number: 333-152979
CIK: 0001438662 Company Name: CAMELIA NAVIGATION S.A. File Number: 333-152979-13
CIK: 0001439152 Company Name: CANYON I NAVIGATION CORP. File Number: 333-152979-12
CIK: 0001439151 Company Name: DONNA MARINE CO. File Number: 333-152979-11
CIK: 0001438663 Company Name: EXPLORER SHIPHOLDING LTD File Number: 333-152979-10
CIK: 0001438664 Company Name: FAIRPLAY MARITIME LTD. File Number: 333-152979-09
CIK: 0001439146 Company Name: FRONTLINE MARINE CO. File Number: 333-152979-08
CIK: 0001439150 Company Name: IMPERATOR I MARITIME CO. File Number: 333-152979-07
CIK: 0001439149 Company Name: OPERA NAVIGATION CO. File Number: 333-152979-06
CIK: 0001439147 Company Name: TRADE FORCE SHIPPING S.A. File Number: 333-152979-05
CIK: 0001438860 Company Name: PROTEA INTERNATIONAL INC. File Number: 333-152979-04
CIK: 0001439148 Company Name: READING NAVIGATION CO. File Number: 333-152979-03
CIK: 0001438862 Company Name: PALOMA MARINE S.A. File Number: 333-152979-02
CIK: 0001442481 Company Name: EPIC INVESTMENTS INC. File Number: 333-152979-01