FreeSeas Inc. (FreeSeas) is a parent holding company of its ship-owning companies. The Company’s fleet consists of Handysize and Handymax drybulk carriers. Its existing fleet consists of eight Handysize vessels and two Handymax vessels that carry a variety of drybulk commodities, including iron ore, grain and coal, which are referred to as major bulks, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice, or minor bulks. As of December 31, 2009, the aggregate dead weight tons of its fleet was approximately 300,000 dead weight tons and the average age of its fleet was approximately 14.6 years. During the year ended December 31, 2009, the Company derived approximately 55% of its gross revenues from two charterers. As of June 14, 2010, its fleet included M/V Free Destiny, M/V Free Envoy, M/V Free Goddess, M/V Free Hero, M/V Free Impala, M/V Free Jupiter, M/V Free Knight, M/V Free Lady, M/V Free Maverick and M/V Free Neptune.
89 Akti Miaouli Street 4 Mavrokordatou Street
Piraeus, 185 38
+30-210-4528770 (Phone)
+30-210-4291010 (Fax)  



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