|Exchange:||NASDAQ national market|
|Industry:||Shipping & Ports|
|FreeSeas, Inc., is incorporated in the Marshall Islands on April 23, 2004. The Company is an international dry bulk shipping company. Its fleet currently consists of six Handysize vessels and one Handymax vessel that carry a variety of drybulk commodities, including iron ore, grain and coal, which are referred to as ‘major bulks,’ as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice, or ‘minor bulks.’ As of April 2, 2013, the aggregate dwt of its operational fleet is approximately 197,200 dwt and the average age of its fleet is 15.5 years. Its investment and operational focus is in the Handysize sector, which is generally defined as less than 40,000 dwt of carrying capacity. Handysize vessels are, more versatile in the types of cargoes that they can carry and trade routes they can follow, and offer less volatile returns than larger vessel classes. The Company has employed and continue to employ its vessels in the spot charter market, under trip time charters and period time charters. It competes with DryShips Inc., Diana Shipping Inc., Eagle Bulk Shipping Inc., Euroseas Ltd., Excel Maritime Carriers Ltd. and Baltic Trading Limited. The vessels are subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels operate or are registered.|
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.