-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L+KG46n4aV7+Sd59Iq+HD5jWQZaK1iQDSaQKMaksisEeiYSP+tCoiPfCCrqnTByL A468Lh7egEUu+hMnR/KjiA== 0000950144-08-002761.txt : 20080411 0000950144-08-002761.hdr.sgml : 20080411 20080411111217 ACCESSION NUMBER: 0000950144-08-002761 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080410 FILED AS OF DATE: 20080411 DATE AS OF CHANGE: 20080411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FreeSeas Inc. CENTRAL INDEX KEY: 0001325159 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51672 FILM NUMBER: 08751573 BUSINESS ADDRESS: STREET 1: 93 AKTI MIAOULI CITY: PIRAEUS STATE: J3 ZIP: 18233 BUSINESS PHONE: 30-210-4528770 MAIL ADDRESS: STREET 1: 93 AKTI MIAOULI CITY: PIRAEUS STATE: J3 ZIP: 18233 6-K 1 g12629e6vk.htm FREESEAS INC. FreeSeas Inc.
 

 
 
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 the month of April 2008
Commission File Number: 000-51672
FreeSeas Inc.
89 Akti Miaouli & 4 Mavrokordatou Street
185 38 Piraeus, Greece
(Address of principal executive offices)
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-     .
 
 

 


 

Delivery of the M/V Free Impala; Employment of the M/V Free Envoy
     On April 2, 2008, FreeSeas Inc. announced it has taken delivery of the M/V Free Impala, a 1997-built 24,111 dwt Handysize drybulk carrier. The vessel is being delivered to its charterers under a previously announced one-year time charter at a rate of $31,500 per day.
     On April 2, 2008, FreeSeas also announced that the M/V Free Envoy, a 1984-built 26,318 dwt Handysize vessel, has completed its one-year period charter at $17,000 per day and has been delivered to new charterers for a 15-day spot voyage at $31,500 per day.
     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 thereto are incorporated by reference into the Registrant’s Registration Statement on Form F-3, File No. 333-145098.
SUBMITTED HEREWITH:
Exhibits
99.1  Press Release dated April 2, 2008.

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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: April 10, 2008 
FreeSeas Inc.



 
 
  By:   /s/ Dimitris Papadopoulos   
    Name:   Dimitris Papadopoulos   
    Title:   Chief Financial Officer   
 

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EX-99.1 2 g12629exv99w1.htm EX-99.1 PRESS RELEASE DATED APRIL 2, 2008 Ex-99.1 Press Release dated April 2, 2008
 

FreeSeas Inc. Announces Delivery of the Free Impala
Company Also Announces New Time Charter for the Free Envoy
April 2, 2008 — Piraeus, Greece — FreeSeas Inc. (NASDAQ: FREE, FREEW and FREEZ) (“FreeSeas” or “the Company”), a provider of seaborne transportation for drybulk cargoes, announced today that it has taken delivery of the 1997-built 24,111 dwt Handysize Free Impala. The Free Impala is being delivered to a one-year time charter at a rate of $31,500 per day, as previously announced.
FreeSeas Inc. also announced today that the 1984-built, 26,318 dwt Handysize vessel Free Envoy has completed its one-year period charter at $17,000 per day and has been delivered to new charterers for a 15-day spot voyage at $31,500 per day.
“With seven vessels now in the fleet and one still to be delivered later this year, our fleet continues to increase its earnings capacity,” stated Mr. Ion Varouxakis, Chairman, President and Chief Executive Officer of FreeSeas. “The Free Impala is a modern vessel that we believe will be a significant revenue contributor for years to come. We are also extremely gratified to see that even our older vessels, like the Free Envoy, remain very healthy earners as well.”
The following table detail FreeSeas’ current fleet as announced today:
Current fleet:
                         
Vessel Name   Dwt   Vessel Type   Built   Employment
Free Destiny
    25,240     Handysize     1982     75-day time-charter at $27,500 p/d
 
                       
Free Envoy
    26,318     Handysize     1984     15-day time-charter at $31,500 p/d
 
                       
Free Goddess
    22,051     Handysize     1995     Two-year time-charter through November 2009 at $19,250 p/d
 
                       
Free Hero
    24,318     Handysize     1995     Time-charter through February 2009 at $14,500 p/d
 
                       
Free Impala
    24,111     Handysize     1997     One-year time-charter through April 2009 at $31,500 p/d
 
                       
Free Jupiter
    47,777     Handymax     2002     Three-year time-charter through February 2011 at $32,000/28,000/24,000 p/d
 
                       
Free Knight
    24,111     Handysize     1998     One-year time-charter through March 2009 at $31,500 p/d
Vessel to be delivered:
                             
Vessel Name   Dwt   Vessel Type   Built   Expected Delivery   Employment
Free Lady
    50,246     Handymax     2003     June-July 2008   No employment currently in place

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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 five Handysize vessels and one Handymax vessel. 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 US Securities and Exchange Commission, which can be obtained free of charge on the SEC’s website at www.sec.gov. For more information about FreeSeas Inc., please go to our corporate website, 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.
For further information please contact:
     
Company Contact:
  Investor Relations / Financial Media:
Ion Varouxakis
  Thomas J. Rozycki, Jr.
Chief Executive Officer
  Sr. Vice President
FreeSeas Inc.
  Cubitt Jacobs & Prosek Communications
89 Akti Miaouli Street
  350 Fifth Avenue — Suite 3901
185 38 Piraeus, Greece
  New York, NY 10118, USA
Tel: 011-30-210-45-28-770
  Tel: +1.212.279.3115 x208
Fax: 011-30-210-429-10-10
  Fax: +1.212.279-3117
E-Mail: info@freeseas.gr
  E-Mail: trozycki@cjpcom.com
www.freeseas.gr
  www.cjpcom.com
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