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FreeSeas Inc. (FREEF)

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Last Post: 9/30/2016 2:41:11 PM - Followers: 221 - Board type: Free - Posts Today: 1

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
#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
#10810   No selling today, dilution over? joever 09/23/16 01:20:30 PM
#10809   this has to be the ultimate sack of shurtha2000 09/22/16 09:57:39 AM
#10808   More selling Fri., dumped at least 100 million joever 09/03/16 05:21:01 PM
#10807   More buys than sells today, must be the joever 08/24/16 06:12:38 PM
#10806   Use your awesome power to remove the junk Don 08/24/16 03:57:55 PM
#10805   PM me if anyone wants a sticky or SGT. SIX STRING 08/24/16 03:21:41 PM
#10804   Yep, for sure. Oh well, sometimes you win diehard2 08/23/16 09:59:01 AM
#10803   In 1 more month. Will be worth $0.0002 rickyroq1 08/23/16 09:55:19 AM
#10802   From 1.15 to 0.0055 in 4 months time. diehard2 08/23/16 09:49:44 AM
#10801   How do you know accumulation is going on? redsky7 08/18/16 04:59:31 AM
#10800   Gap has been filled, accumulating going in! breynolds 08/16/16 04:20:04 PM
#10799   Thanks for the dip today. breynolds 08/16/16 04:09:34 PM
#10798   To all, you make money flipping this, but johnnieva 08/16/16 02:43:06 PM
#10797   Nice little stack of this takes off!! breynolds 08/16/16 02:07:24 PM
#10796   2mil lol SGT. SIX STRING 08/16/16 02:06:33 PM
#10795   Volume before price penny stock 1 oh 1 breynolds 08/16/16 02:02:13 PM
#10794   I sitting on over 2 millions shares at breynolds 08/16/16 02:01:08 PM
#10793   Yeah but all anyone does is whack SGT. SIX STRING 08/16/16 01:54:37 PM
#10792   This is so thin!! breynolds 08/16/16 01:42:05 PM
#10791   Looking to touch 50ma @ 028 SGT. SIX STRING 08/16/16 10:36:28 AM
#10790   nice bids have been here the whole time. SGT. SIX STRING 08/16/16 10:36:06 AM
#10788   FREEF REVERSE SPLIT toilet. slazenger7 08/16/16 10:16:42 AM
#10787   loading all I can under .01 SGT. SIX STRING 08/15/16 11:53:00 PM
#10786   big reversal coming here IMO SGT. SIX STRING 08/15/16 11:51:56 PM
#10785   It's gonna get to the teens!! breynolds 08/15/16 10:22:00 PM
#10784   Yeah, uptrend into the next Reverse Split - slazenger7 08/15/16 09:24:21 PM
#10783   Uptrend has started!! breynolds 08/15/16 04:51:04 PM
#10782   SCAM belgiumsui 08/15/16 03:35:39 PM
#10781   Security Notes duelittle2 08/15/16 10:49:44 AM
#10780   This was the King of R/S I think shurtha2000 08/15/16 10:01:59 AM
#10779   $FREEF entering an accumulation phase now. $FREEF is Bulls1Bears0 08/14/16 06:41:01 PM
#10778   FREEF...0072...Oversold Chart...Downtrend Broken...O/S under 10 Million...Delist georgie18 08/11/16 04:57:21 AM
#10777   haven sight capital still has freaseas listed on jimbo098 08/10/16 03:41:31 PM
#10776   Has the dilution finally stopped? No selling today. joever 08/10/16 02:18:05 PM
#10775   This is ready to pop hard .0243 coming soon! breynolds 08/10/16 08:35:45 AM
#10774   Thank you. Not sure I trust those numbers. bombaytonic 08/10/16 07:43:38 AM
#10773   Like any good penny stock, you can check Don 08/09/16 08:41:34 PM
#10772   Is there any way of knowing what the bombaytonic 08/09/16 03:47:58 PM
#10771   Nice hits today breynolds 08/08/16 10:19:15 AM
#10770 0.0072 - 0.0094 OTCRIDER 07/28/16 09:07:00 PM
#10769   Getting cheaper. GMONEY4 07/28/16 03:06:45 PM
#10768   Let's see if 75 holds. GMONEY4 07/28/16 08:17:49 AM
#10767   I own 1 million shares, help me run baker9517 07/27/16 10:45:36 PM