FreeSeas Inc., a transporter of dry bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced new charters for seven of its vessels.

Ion Varouxakis, Chief Executive Officer of FreeSeas, stated, "We are pleased to announce a series of fixtures for our vessels which have been largely entered into prior to the summer seasonal softening of the market."

The new charters are detailed below:

  • The M/V Free Envoy, a 1984-built, 26,318 dwt Handysize vessel, has been chartered for a time charter trip of approximately 27 days at a daily rate of $13,000. The vessel has been fixed for a further time charter trip to commence immediately thereafter for a duration of approximately 35 days at a daily rate of $11,200 plus $250,000 ballast bonus.
  • The M/V Free Hero, a 1995-built, 24,318 dwt Handysize vessel, has been chartered for a time charter trip of approximately 75-100 days at a daily rate of $18,000.
  • The M/V Free Impala, a 1997-built, 24,111 dwt Handysize vessel, has been chartered for a time charter trip of approximately 30 days at a daily rate of $17,600.
  • The M/V Free Knight, a 1998-built, 24,111 dwt Handysize vessel, has been chartered for a time charter of approximately 2-4 months at a daily rate of $16,900.
  • The M/V Free Lady, a 2003-built, 50,246 dwt Handymax vessel, has been chartered for a time charter trip of approximately 60 days at a daily rate of $24,000.
  • The M/V Free Maverick, a 1998-built, 23,994 dwt Handysize vessel, has been chartered for a time charter trip of approximately 50 days at a daily rate of $14,750.
  • The M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has been chartered for a time charter of approximately 3.5 to 6 months at a daily rate of $23,500 for the first 150 days and $24,500 for the remaining period, if any.