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Athens, Greece - Sept. 02, 2015 - Globe Newswire FreeSeas Inc. (Nasdaq: FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessel and an owner of a controlling stake in a company commercially operating tankers and dry-bulkers, announced today that the owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has been delivered to her charterers for a time charter trip of a duration of approximately 30 days at a gross rate of $9,500 per day. The previous time charter trip of a duration of 37 days, at a gross rate of $8,900 per day, was completed five days ago. Mr. Ion G. Varouxakis, the Company's CEO commented: "We are pleased that the M/V Free Neptune has been able to secure employment at rates comfortably above her running expenses. This reflects an overall much improved picture for time charter rates compared to the situation at the beginning of the year. We look forward to gradually seeing similar results for the rest of the fleet, depending on positional situations." About FreeSeas Inc. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and operation of drybulk carriers and also is an owner of a controlling stake in a company commercially operating tankers and dry-bulkers. Currently, it has a fleet of Handysize vessels. FreeSeas' common stock trades on the Nasdaq Capital Market under the symbol FREE. Risks and uncertainties are described in reports filed by FreeSeas Inc. with the SEC, which can be obtained free of charge on the SEC's website at http://www.sec.gov. For more information about FreeSeas Inc., please visit the corporate website, www.freeseas.gr. FreeSeas Inc. press release |
