FreeSeas (FREE) Announces Charters for Six Vessels
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FreeSeas Inc. (Nasdaq: FREE) announced new charters for six of its vessels, including the recently purchased Free Neptune, as well as the Free Envoy, Free Hero, Free Maverick, Free Knight, and Free Impala.
Thee new charters:
- The M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has been delivered to her charterers for a spot time charter of 30-35 days at a daily rate of $20,000.
- The M/V Free Envoy, a 1984-built, 26,318 dwt Handysize vessel, has been delivered to her charterers for a spot time charter trip of 30-35 days at a daily rate of $8,000.
- The M/V Free Hero, a 1995-built, 24,318 dwt Handysize vessel, has been delivered to her charterers for a spot time charter trip of approximately 40-50 days at a daily rate of $13,500.
- The M/V Free Maverick, a 1998-built, 23,994 dwt Handysize vessel, has been delivered to her charterers for a spot time charter of between 60-65 days at a daily rate of $9,000 or $11,000 depending on repositioning.
- The M/V Free Knight, a 1998-built, 24,111 dwt Handysize vessel, has been delivered to her charterers for a spot time charter of 60-65 days at a daily rate of $7,000.
- The M/V Free Impala, a 1997-built, 24,111 dwt Handysize vessel, has been chartered for a spot time charter trip of 60 days at a daily rate of $10,000.
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FreeSeas
Trysson on Oct 7, 2009 12:51 PMFreeSeas shows a nice p/e and a positive eps in what is a tough time for this industry. FREE just signed six charters, good going. Charter Rate may be low but it more than covers costs.