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FreeSeas Inc. (FREE) [hlAlert]

FreeSeas Inc. (FreeSeas), incorporated on April 23, 2004, is a parent holding company of its ship-owning companies. The Company?s is focusing on Handysize and Handymax drybulk sectors. As of December 31, 2010, the Company owned nine vessels, each of which is owned through a separate wholly owned subsidiary.As
of December 31, 2010, the Company?s fleet consists of seven Handysize vessels and two Handymax vessels that carry a range of drybulk commodities, including iron ore, grain and coal (major bulks), as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice (minor bulks). As of May 16, 2011, the Company?s aggregate dwt of its fleet is approximately 247,446 Deadweight (dwt).During the year ended December 31, 2010, the Company derived approximately 42% of its revenues from three charterers. On August 27, 2010, the Company?s sold the M/V Free Destiny, a 25,240 dwt Handysize drybulk vessel.
( Total: 1 Current Stock Recommendations )
FreeSeas Inc.   (1)
Hold 100%
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Show  

Date (ET)MemberRatingYTD
Gains
 
2/7/2011  
Hold
  

* As of 8/27/2015 12:00 AM
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