-----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, HluUdYHBzHb3v8qBFIBUxoHA/qQCvn3WkMt/sAqpU3nLLtQeq3A8/pGToQf8WpDj bOHQiNTQherXQHrf3Ie9Xw== 0000950144-08-002975.txt : 20080421 0000950144-08-002975.hdr.sgml : 20080421 20080421151253 ACCESSION NUMBER: 0000950144-08-002975 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080418 FILED AS OF DATE: 20080421 DATE AS OF CHANGE: 20080421 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: 08766592 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 g12918e6vk.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-          .
 
 

 


 

Employment of the M/V Free Envoy
     On April 18, 2008, FreeSeas announced that the M/V Free Envoy, a 1984-built 26,318 dwt Handysize vessel has been delivered to new charterers for a 25-day time charter at a rate of $28,500 per day.
     On April 18, 2008, FreeSeas also announced the launch of its corporate website at www.freeseas.gr. Neither FreeSeas’s website nor any of the information contained therein are to be considered incorporated into or otherwise part of this Form 6-K.
     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 18, 2008.

2


 

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 21, 2008
 
FreeSeas Inc.
 
 
  By:   /s/ Ion G. Varouxakis    
    Name:   Ion G. Varouxakis   
    Title:   President and CEO   
 

3

EX-99.1 2 g12918exv99w1.htm EX-99.1 PRESS RELEASE DATED APRIL 18, 2008 EX-99.1 Press Release dated April 18, 2008
 

Exhibit 99.1
FREESEAS INC. ANNOUNCES NEW CHARTER FOR THE HANDYSIZE FREE ENVOY
FREESEAS INC. LAUNCHES NEW CORPORATE WEBSITE
April 18, 2008 Piraeus, Greece — FreeSeas Inc. (NASDAQ: FREE, FREEW and FREEZ), a provider of seaborne transportation for dry bulk cargoes, announced today a new time charter for the 1984-built, 26,318 dwt Handysize Free Envoy.
The Free Envoy has been delivered to its new charterers commencing an approximate 25-day time charter at a rate of $28,500 per day.
“We are pleased to continue to secure accretive employment for the Free Envoy,” said Mr. Ion Varouxakis, Chairman and Chief Executive Officer. “Our strengthening ties with customers worldwide have allowed us to consistently enhance our revenues through favorable contracts with creditworthy counterparties.”
FreeSeas also announced today that it has launched a new corporate website. The website, www.freeseas.gr, will serve as FreeSeas’ home on the internet, offering the investors, financial community, and industry partners an in depth look at the latest company updates as well as pertinent industry information.
Mr. Varouxakis continued, “Our website is a reflection of our corporate vision. Not only does it contain all the necessary information about our company, but in time will also provide industry metrics and data to help our shareholders better understand our industry and their investment.”
The following table details 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      
25-day time-charter at $28,500 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:
                                           
 
                                  Expected        
  Vessel Name     Dwt     Vessel Type     Built     Delivery     Employment  
  Free Lady       50,246       Handymax       2003       June-July 2008    
No employment currently in place
 
 

 


 

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.
CONTACT:
        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 / Financial Media:
Cubitt Jacobs & Prosek Communications
Thomas J. Rozycki, Jr., Sr. Vice President
+1.212.279.3115 x208
Fax: +1.212.279-3117
trozycki@cjpcom.com
www.cjpcom.com
350 Fifth Avenue — Suite 3901
New York, NY 10118, USA

 

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