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FreeSeas Inc. (FREEF)

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Last Post: 10/21/2016 5:47:48 AM - Followers: 222 - Board type: Free - Posts Today: 0

FreeSeas is a premiere, global commercial shipping company transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.
With a dynamic management team focused on shareholder growth and an active presence in the capital markets, FreeSeas has positioned itself to capitalize on the emerging drybulk industry.

Current fleet:

Vessel Name
M/V Free Destiny Handysize 1982 25,240 60-65 day time charter trip at $8,250 per day through April 2010
M/V Free Envoy Handysize 1984 26,318 35 day time charter trip at $22,500 per day through May 2010
M/V Free Goddess Handysize 1995 22,051 40 day time charter trip at $15,000 per day through April 2010
M/V Free Hero Handysize 1995 24,318 3-5 month time charter at $11,500 per day through April 2010
M/V Free Impala Handysize 1997 24,111 70-80 day time charter trip at $10,700 per day through May 2010
M/V Free Jupiter Handymax 2002 47,777 Balance of time charter at $25,216 per day through February 2011 and any day in excess at $28,000 per day through May 2011
M/V Free Knight Handysize 1998 24,111 30-40 day time charter trip at $12,000 per day through April 2010
M/V Free Lady Handymax 2003 50,246 Balance of time charter at $51,150 per day through June 2010
M/V Free Maverick Handysize 1998 23,994 60-110 day time charter trip at $15,000 per day through May/June 2010
M/V Free Neptune Handysize 1996 30,838 Time charter trip at $16,000 until beginning April 2010, then
60-100 day time charter trip at $25,000 per day through June/July 2010

Board of Directors

Ion G. Varouxakis
Board of Directors, Chairman of the Board
President and CEO

Ion G. Varouxakis is one of our founders and is the Chairman of our board of directors. He also serves as our President and Chief Executive Officer. In 2003, Mr. Varouxakis founded Free Bulkers, the beginning of a single-vessel, self-financed entrepreneurial venture that led to FreeSeas' founding and NASDAQ listing in 2005.

Under Mr. Varouxakis' leadership, FreeSeas has grown to be a leader in the Handysize and Handymax segment in the U.S. capital market. Prior to founding Free Bulkers, Mr. Varouxakis held since 1997 management positions in private shipping companies operating in the drybulk sector. Mr. Varouxakis holds a candidature degree in law from the Catholic University of Saint Louis in Brussels and a bachelor of science degree in economics from the London School of Economics and Political Science. Mr. Varouxakis is a member of the Hellenic Committee of the Korean Register of Shipping and is an officer of the reserves of the Hellenic Army. Mr. Varouxakis is the brother of Alexis Varouxakis.

Kostas Koutsoubelis
Board of Directors, Member
Vice President and Treasurer

Kostas Koutsoubelis joined our board of directors in 2007 and serves as our Vice President and Treasurer. In addition, Mr. Koutsoubelis is the group financial director of the Restis Group of Companies and also the chairman of Golden Energy Marine Corp. Furthermore, he is a member of the board of directors of First Business Bank, South African Marine Corp. S.A., Seanergy Maritime Holdings Corp. and Swissmarine Corporation Ltd.

Before joining the Restis Group, he served as head of shipping of Credit Lyonnais Greece. After graduating from St. Louis University, St. Louis, Missouri, he held various positions in Mobil Oil Hellas S.A. and after his departure he joined International Reefer Services, S.A., a major shipping company, as financial director. In the past he has also served as director of Egnatia Securities S.A., a stock exchange company, and Egnatia Mutual Fund S.A. He is a governor in the Propeller Club - Port of Piraeus and member of the Board of the Association of Banking and Financial Executives of Hellenic Shipping.

Focko H. Nauta
Board of Directors, Member
Audit Committee, Chairman

Focko H. Nauta has served as a director since 2005. Since September 2000, he has also been a director of FinShip BV, a maritime corporate finance company. From 1997 through 1999, Mr. Nauta served as a managing director of Van Ommeren Shipbroking Ltd, a London-based ship brokering company. Prior to 1997, he worked in Rotterdam for MeesPierson (till 1992) and was general manager of Fortis Bank in Oslo (1992-1997). Mr. Nauta holds a degree in law from Leiden University in the Netherlands.

Didier Salomon
Board of Directors, Member
Corporate Governance Committee, Chairman

Mr. Salomon joined the board in 2008. He has spent fourteen years as head of global shipping at BNP Paribas. Prior to that, he held similar positions at Banque Louis-Dreyfus, Banque Bruxelles Lambert and Credit Naval. Mr. Salomon holds a diploma in political science (Sciences Po Paris), a degree in law (Paris Assas) and a post graduate diploma in banking (Centre d'Etudes Superieures de Banque). For many years he has been a lecturer on the economy and capital markets at the Conservatoire des Arts et Metiers in Paris.

Alexis Varouxakis
Board of Directors, Member

Alexis Varouxakis is our Secretary. Mr. Varouxakis holds a bachelor in science degree in economics from City University, London, and a master in arts degree in art management from City University, London. From 2001 to 2004, he was involved in the entertainment industry and produced a number of feature films, award winning short movies, and television commercials. Between 2002 and 2004, Mr. Varouxakis was a member of the board of directors of the New Producers Alliance, UK's national membership and training organization for producers and filmmakers. From 2005 to 2006, he was general manager of Aello MCPY, a company specializing in the luxury yacht charter business. In 2007, he joined Free Bulkers as assistant operations manager.

Mr. Keith Bloomfield
Board of Directors, Member

Mr. Bloomfield joined the Board in 2010. Mr. Bloomfield has over 13 years of experience in mergers and acquisitions, corporate law, and wealth management. He is currently the President and Chief Executive Officer of Forbes Family Trust, a private wealth management firm which he founded in September 2009. From October 2006 to September 2009, he was a Senior Managing Director and Corporate Counsel at Third Avenue Management, a global asset management firm with approximately $16 billion in assets under management. At Third Avenue, he was responsible for mergers and acquisitions, corporate transactions and business development. Prior to joining Third Avenue, he was a corporate attorney with Simpson Thacher & Bartlett LLP.

Dimitrios Panagiotopoulos
Board of Directors, Member

Dimitrios Panagiotopoulos joined our board of directors in 2007. In addition, he is the head of shipping and corporate banking of Proton Bank, a Greek private bank, where he has served since April 2004. From January 1997 to March 2004, he served as deputy head of the Greek shipping desk of BNP Paribas and before that for four years as senior officer of the shipping department of Credit Lyonnais Greece. From 1990 to 1993, he was working as chief accountant in Ionia Management, a Greek shipping company. Mr. Panagiotopoulos also serves on the board of directors of Seanergy Maritime Holdings Corp. He holds a degree in economics from Athens University and a masters of science in shipping, trade and finance from City University of London. He served his obligatory military duty as an officer of the Greek Special Forces and today is a captain of the reserves of Hellenic Army.


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Current Price
Bid Ask Day's Range
FREEF News: Report of Foreign Issuer (6-k) 09/28/2016 04:36:32 PM
FREEF News: (25-NSE) 07/05/2016 09:33:30 AM
FREEF News: Halitron, Inc. (OTC Pink: HAON) 75% Increase in Sales - $3-5 Million Growth – 5 Acquisitions 2016 06/20/2016 07:00:00 AM
FREEF News: Report of Foreign Issuer (6-k) 06/17/2016 04:47:02 PM
FREEF News: Report of Foreign Issuer (6-k) 06/17/2016 09:15:09 AM
#10860   Low OS?!?!??!!! bs. rachelsdaddy 10/21/16 05:47:48 AM
#10859   But yet, no trades. Samgot7 10/20/16 03:55:46 PM
#10858   .0024 X .003 pennyonfire 10/20/16 03:46:53 PM
#10857   Is there any reason or catalyst for this Samgot7 10/20/16 03:23:19 PM
#10856   Usually all the volume is at open, no joever 10/20/16 11:01:04 AM
#10855   YUP... georgie18 10/19/16 03:52:22 PM
#10854   Could really move on 50 MDA (.0047) break. Imho. pennyonfire 10/19/16 03:37:15 PM
#10853   FREEF... 0025...getting hit... georgie18 10/19/16 03:32:15 PM
#10852   FREEF... 0018 added VNDM sells...VNDM dropped off top georgie18 10/19/16 03:06:37 PM
#10851   What happened? Who pulled the plug? Samgot7 10/19/16 02:31:35 PM
#10850   NITE still naked shorting, wait for .0001 joever 10/19/16 02:02:03 PM
#10849   Something tells you i not see the tape Lone Wolf 10/19/16 08:23:07 AM
#10848   Low O/S taconacho 10/19/16 08:04:22 AM
#10847   FREEF...Outstanding Shares 91,961,628 a/o Oct 14, 2016...Authorized Shares georgie18 10/19/16 05:51:41 AM
#10846   FREEF... 0034...Chart linked from 002 candle on georgie18 10/19/16 05:41:07 AM
#10845   I just got on today. I'm ready to Samgot7 10/18/16 06:24:33 PM
#10844   BOOM taconacho 10/18/16 03:48:16 PM
#10843   FREEF... 0033 got hit for a million...nice ask slap... georgie18 10/18/16 03:36:01 PM
#10842   FREEF... 0028 on the ask...+58%... georgie18 10/18/16 03:28:58 PM
#10841   THIN THIN THIN taconacho 10/18/16 03:24:05 PM
#10840   I've been here for a while, ready to taconacho 10/18/16 03:10:32 PM
#10839   Jump on, the ship is about to leave port! Samgot7 10/18/16 03:09:17 PM
#10838   Freef is slowly getting CHOMPED NORTH taconacho 10/18/16 01:53:29 PM
#10837   FREEF... 0021 X 003... georgie18 10/18/16 10:59:24 AM
#10836   FREEF... 002s goin here...volume comin in here... georgie18 10/18/16 10:26:05 AM
#10835   just don't get your have a great day... georgie18 10/15/16 01:57:37 PM
#10834   What are you all so raw raw about, Snug Harbour 10/15/16 10:11:30 AM
#10833   Like I said what's your point... georgie18 10/15/16 09:56:12 AM
#10832   Don't be deceived by the close Snug Harbour 10/15/16 09:25:25 AM
#10831   What's your point??? georgie18 10/15/16 09:15:09 AM
#10830   Recent Trades - Last 10 of 68 Snug Harbour 10/15/16 09:11:05 AM
#10829   FREEF... 002...Adding down here...been accumulating the dip...I think georgie18 10/15/16 08:09:09 AM
#10828   $ 990.00 , could be the reverse champion level42 10/14/16 04:24:32 PM
#10827   This toxic pos has had 4 r/s in Snug Harbour 10/14/16 10:53:29 AM
#10826   looks like offshore $$'s about to pour into gonzilee 10/12/16 01:35:36 PM
#10825   :) Sonic Boom 10/11/16 07:00:19 PM
#10824   well someone just made a quick 25% here CountryMac1 10/11/16 01:40:37 PM
#10823   Nope until it hits, $0.0001 By next week ;) rickyroq1 10/11/16 01:33:54 PM
#10822   Bottom here? CountryMac1 10/11/16 12:53:38 PM
#10821   toxic in top gear here Snug Harbour 10/11/16 10:04:25 AM
#10820   this stock is bottomless, waiting for the next joever 10/07/16 06:04:01 PM
#10819   Got some here should move from here Smarttrader25 10/07/16 01:03:31 PM
#10818   naked shorted beyond existing shares joever 10/06/16 05:54:52 PM
#10817   why is it going up on this news? Diwanssong 09/30/16 02:41:10 PM
#10816   Then there was one... Don 09/29/16 09:12:11 AM
#10815   Buying when it hits $0.0001 by next month rickyroq1 09/27/16 07:40:26 PM
#10814   “FreeSeas is a structured tax evasion/money laundering scam joever 09/27/16 03:15:45 PM
#10813   Being naked shorted into oblivion... joever 09/27/16 02:36:08 PM
#10812   Only company knows. Who else could sale enough Don 09/24/16 06:43:53 PM
#10811   I've never seen a stock ever before continuously Diwanssong 09/24/16 05:36:58 PM