6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934

For September 1, 2009

Commission File Number: 000-51672

FreeSeas Inc.

89 Akti Miaouli & 4 Mavrokordatou Street
185 38 Piraeus, Greece
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F þ      Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o      No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-     .

     On September 1, 2009, FreeSeas Inc. (the “Company”) announced that it has taken delivery of the 1996-built, 30,838 dwt Handysize vessel, the M/V Free Neptune, and has chartered the M/V Free Neptune in the spot market. The Company also announced new charters for four of its other vessels, the M/V Free Destiny, the M/V Free Hero, the M/V Free Knight and the M/V Free Maverick, which are each currently operating in the spot market.

     A copy of the related press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     This report on Form 6-K and the exhibits attached hereto are incorporated by reference into the Registrant’s Registration Statements on Form F-3, Registration No. 333-145098 and 333-149916.

SUBMITTED HEREWITH:

Exhibit

99.1 Press Release dated September 1, 2009.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 6-K to be signed on its behalf by the undersigned, thereto duly authorized.

Date: September 1, 2009	FreeSeas Inc.
	By:	/s/ Alexis Varouxakis
		Name:	Alexis Varouxakis
		Title:	Secretary

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EX-99.1

Exhibit 99.1

FreeSeas Announces Delivery of and New Charter for Free Neptune;
Charter Agreements on Four of Its Other Handysize Vessels

Piraeus, Greece, September 1, 2009 — FreeSeas Inc. (NasdaqGM: FREE, FREEW, FREEZ) (“FreeSeas’’ or the “Company’’), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced today that it has taken delivery of the 1996-built, 30,838 dwt Handysize vessel, the M/V Free Neptune.

The Free Neptune has been fixed for a spot time charter trip of approximately 30 days at a daily rate of $15,000.

Mr. Ion Varouxakis, Chief Executive Officer of FreeSeas, stated, “We are very pleased to have deployed the capital from our recent common stock offering so quickly and in a highly efficient manner. Our ability to purchase the 13-year-old Free Neptune for approximately $11 million and deploy her at a charter rate of $15,000 per day speaks volumes about our ability to access capital in order to make highly attractive investments with a quick return. With her addition, we have increased our fleet from nine to ten vessels, and now own a total dwt of approximately 300,000. As a result of our efficient operating infrastructure and fixed overhead, we expect the acquisition of the Free Neptune to immediately lower our per vessel break-even cost and positively affect operating income and free cash flow in this current third quarter. We are also pleased to witness gradually improving charter rates on the rest of our spot-trading fleet, a sign of the Handysize sector’s resilience to market volatility.”

The Company also announced new charters for four of its Handysize vessels, the Free Destiny, Free Hero, Free Knight, and Free Maverick, which are detailed below:

• The M/V Free Destiny, a 1982-built, 25,240 dwt Handysize vessel, has been delivered to her charterers for a spot time charter trip of approximately 40 days at $10,000 per day.

• The M/V Free Hero, a 1995-built, 24,318 dwt Handysize vessel, has been delivered to her charterers for a spot time charter trip of approximately 30 days at a daily rate of $14,500.

• The M/V Free Knight, a 1998-built, 24,111 dwt Handysize vessel, has been fixed for a spot time charter trip of approximately 25 days at a rate of $8,300 per day.

• The M/V Free Maverick, a 1998-built, 23,994 dwt Handysize vessel, has been fixed for a spot time charter trip of approximately 35 days at a daily rate of $9,500.

Fleet Employment Data

Vessel Name	Dwt		Type	Built		Employment as of August 31, 2009*
Free Destiny		25,240	Handysize		1982	40 day spot time charter trip at $10,000 per day through September 2009
Free Envoy		26,318	Handysize		1984	40-50 day spot time charter trip at $7,900 per day through September 2009
Free Goddess		22,051	Handysize		1995	Balance of time charter at $8,000 per day through September 2009 (+50% profit sharing above $10,000); increases to $10,500 per day on September 15, 2009 through January/February 2010 (+50% profit sharing above $12,500 per day)
Free Hero		24,318	Handysize		1995	30 day spot time charter trip at $14,500 per day through September 2009
Free Impala		24,111	Handysize		1997	25-40 day spot time charter trip at $8,750 per day through September 2009
Free Jupiter		47,777	Handymax		2002	Balance of time charter at $28,000 per day through March 2010 and $24,000 per day through March 2011
Free Knight		24,111	Handysize		1998	25 day spot time charter trip at $8,300 per day through September 2009
Free Lady		50,246	Handymax		2003	Balance of time charter at $51,150 per day through May 2010
Free Maverick		23,994	Handysize		1998	35 day spot time charter trip at $9,500 per day through September 2009
Free Neptune		30,838	Handysize		1996	30 day spot time charter trip at $15,000 per day through September 2009
TOTAL		299,004

* The average net charter rates per vessel realized by the Company will depend on actual repositioning time and bunkers consumed between successive chartering employments, as well as potential operational off-hires. The above table is provided for indicative purposes only, and should not to be deemed to reflect actual operating revenues received from employment of the vessels.

About FreeSeas Inc.

FreeSeas Inc. is a Marshall Islands corporation with principal offices in Piraeus, Greece. FreeSeas is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers. Currently, it has a fleet of eight Handysize vessels and two Handymax vessels. FreeSeas’ common stock and warrants trade on the NASDAQ Global Market under the symbols FREE, FREEW and FREEZ, respectively. Risks and uncertainties are described in reports filed by FreeSeas Inc. with the U.S. Securities and Exchange Commission, 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, http://www.freeseas.gr.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions. Words such as ``expects,’’ ``intends,’’ ``plans,’’ ``believes,’’ ``anticipates,’’ ``hopes,’’ ``estimates,’’ and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for dry bulk vessels; competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact Information:

At the Company
FreeSeas Inc.
Ion Varouxakis, Chief Executive Officer
011-30-210-45-28-770
Fax: 011-30-210-429-10-10
info@freeseas.gr
www.freeseas.gr
89 Akti Miaouli Street
185 38 Piraeus, Greece

Investor Relations
The Equity Group Inc.
Adam Prior, Vice President
212-836-9606
aprior@equityny.com
www.theequitygroup.com