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FreeSeas Sells M/V Free Maverick

Maritime Activity Reports, Inc.

September 29, 2016

 FreeSeas Inc.  announced 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.

The vessel’s mortgage has now been discharged.

FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. It is is a Greece-based 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. 
 
Currently, the Company operates two Handysize vessels. FreeSeas' common stock trades on the OTCQB Market run by OTC Markets Inc.
 

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