FreeSeas to Acquire Handysize Vessel

Thursday, August 23, 2007
FreeSeas to Acquire Handysize Vessel FreeSeas Inc., a provider of seaborne transportation for drybulk cargoes, agreed to purchase a 1995-built 22,051 DWT Handysize vessel, the M/V Free Goddess, from an unaffiliated party for approximately $25.2m. The vessel is expected to be delivered in September or October of 2007. It will operate under a $13,000 per day fixed-rate time charter until November 2007, at which time it will commence a new two-year time charter at $19,250 per day. The Company continues to believe that the current drybulk rate environment presents opportunities for advantageous chartering and the establishment of long-term relationships with high-quality charterers. The new vessel acquisition announced today should provide increased cash flow to finance future vessel acquisitions and expand the Company's fleet.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

A Great Passion for Small Ships

Gottfried Knöbel owns almost 1,500 miniature model ships, many of them are Hapag-Lloyd ships. How did he end up with this collection?   In a quiet residential district in Cologne,

Busan Port Names Woo Ye-jong as New CEO

The Busan Port Authority (BPA) announced Woo Ye-jong has been named as its new CEO, as appointed by the Korean Ministry of Oceans and Fisheries.   Woo took office on July 31,

USCG Hoists Ailing Man from Tug

A man believed to be suffering symptoms from a heart attack was medevaced from a tugboat Thursday morning.   A U.S. Coast Guard helicopter crew from Air Station Traverse City, Mich.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3293 sec (3 req/sec)