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FreeSeas (FREEF) Announces Completion of 'Free Maverick' Sale

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FreeSeas Concludes Sale of Vessel

September 28, 2016 4:30 PM EDT

Athens, Greece, Sept. 28, 2016 (GLOBE NEWSWIRE) -- FreeSeas Inc. (OTCQB: FREEF) (FreeSeas or the Company), a transporter of dry-bulk cargoes through the ownership and operation of two Handysize vessels and an owner of a controlling stake in a company commercially operating tankers, announced today that on September 26, 2016, it sold to unrelated third parties the M/V Free Maverick, a 1998-built, 23,994 dwt Handysize dry bulk carrier for a sale price of $1,925,000 and her mortgage was discharged. 

About FreeSeas Inc.

FreeSeas Inc. is a Marshall Islands corporation with... More