Send to a Friend Share

FreeSeas (FREE) Announces Charters for Six Vessels

October 7, 2009 8:56 AM EDT
FREE Hot Sheet
Overall Analyst Rating:
    SELL (Up Up)
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.

You May Also Be Interested In


Related Categories

Corporate News

Add Your Comment





Follow StreetInsider.com On Twitter