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FreeSeas Inc. (FREEF)

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Last Post: 12/6/2016 11:52:21 AM - Followers: 306 - Board type: Free - Posts Today: 4

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) 11/23/2016 05:14:14 PM
FREEF News: Amended Statement of Ownership (sc 13g/a) 11/22/2016 11:22:15 AM
FREEF News: Statement of Ownership (sc 13g) 11/16/2016 04:15:51 PM
FREEF News: Statement of Ownership (sc 13g) 11/03/2016 10:30:24 AM
FREEF News: Report of Foreign Issuer (6-k) 09/28/2016 04:36:32 PM
#14353  Sticky Note $FREEF DD COMPILATION: READ ALL StockWhale 11/19/16 09:21:28 PM
#11375  Sticky Note Shipping stock trading volume hits new ‘Trump rally’ Dutchdaan 11/16/16 02:45:45 AM
#15639   big support?? 00006 in no time banderas63 12/06/16 11:52:21 AM
#15638   Shipped stocks on the rise again. Chart showing pennyonfire 12/06/16 09:52:57 AM
#15637   Big support at .0007 Watch for major run pennyonfire 12/06/16 09:35:18 AM
#15636   HARD BOUNCE NORTH COMING FOR FREEF $$$$$ SHIPPING halbroke1 12/06/16 01:23:14 AM
#15635   CHART HOLDING HIGHER LOW :) $$$ maxtrader1m 12/05/16 10:42:34 PM
#15634   Nice news thanks for sharing. Seems like Dbe1919 12/05/16 04:37:36 PM
#15633   China betting huge on Greek ports! Buying Greek bigtimetrader 12/05/16 03:25:58 PM
#15632   Impending Greek debt deal a boon for Greek bigtimetrader 12/05/16 02:10:41 PM
#15631   Cheaper currency = higher exports = good for bigtimetrader 12/05/16 01:23:05 PM
#15630   It has a hard time breaking out of herbster 12/05/16 12:34:29 PM
#15629   OMG.. LMAO... Go get some in my $HOM cofca 12/05/16 11:52:07 AM
#15628   What I think, bruh, is that you absolutely Murph32 12/05/16 11:49:46 AM
#15627   I think if we can break past .001 Dbe1919 12/05/16 11:33:33 AM
#15626   $$$ IT'S ABOUT TIME NOW ! maxtrader1m 12/05/16 11:03:23 AM
#15625   Chart looking attractive again at .0009 for a bounce. pennyonfire 12/05/16 10:46:16 AM
#15624   SHIPPING ABOUT TO EXPLODE AGAIN...FREEF. $$$$ WATCH IT. halbroke1 12/05/16 06:58:11 AM
#15623   How is this helping Freef? Please explain MOCKBA 12/04/16 11:06:23 PM
#15622   FREEF READY TO EXPLODE NEXT WEEK...BACK TO halbroke1 12/04/16 08:48:28 PM
#15621   Italy votes NO! Euro sliding on heavy volume! bigtimetrader 12/04/16 06:51:26 PM
#15620   Not gonna happen buddy .01 Next! mulder35 12/02/16 04:31:08 PM
#15619   .0001 CarlCarlMcB 12/02/16 04:28:47 PM
#15618   ITS TO MANIPULATE US INTO SELLING NOTHING MORE.... mulder35 12/02/16 04:24:39 PM
#15617   Some funny guys dump 1 shares. maxtrader1m 12/02/16 04:05:57 PM
#15616   Setting up for a run here maxtrader1m 12/02/16 03:59:12 PM
#15615   Freef is ripping people off ...... Punisherzx 12/02/16 03:22:44 PM
#15614   Freeseas is a share printing company now, not johnnieva 12/02/16 02:48:20 PM
#15613   13.8 mil bid @8 Dbe1919 12/02/16 02:45:34 PM
#15612   The Italian referendum on Sunday could have big bigtimetrader 12/02/16 02:25:00 PM
#15611   15M on the ask at 10 - looks bigtimetrader 12/02/16 02:13:35 PM
#15610   Just saw that. Nice! Dbe1919 12/02/16 01:40:08 PM
#15609   $$$ 11,OOO,OOO Share Bid OOO8 $$$ zino 12/02/16 01:23:13 PM
#15608   Looks like we've reached the equilibrium price. Volume bigtimetrader 12/02/16 12:56:37 PM
#15607   Im Hoping You're Wrong This Time... mulder35 12/02/16 10:46:14 AM
#15606   fake reversal to pull in more suckers and mikekrane 12/02/16 10:18:51 AM
#15605   rinse and repeat with r/s as well... not mikekrane 12/02/16 10:16:18 AM
#15604   DUDE THIS WHOLE MARKET IS NAKED SHORTED!!!! mulder35 12/02/16 09:55:57 AM
#15603   Looks like we need something to help us herbster 12/02/16 09:42:03 AM
#15602   Must be naked shorting also... zino 12/02/16 09:22:53 AM
#15601   We may not even be close to maxed Dbe1919 12/01/16 09:38:41 PM
#15600   Sad, but usually true.... johnnieva 12/01/16 06:00:42 PM
#15599   Touched .001s today on 68 mil volume. Dbe1919 12/01/16 05:07:15 PM
#15598   Same for every OTC stock my man. maxtrader1m 12/01/16 05:01:30 PM
#15597   Been flipping this alot,not one for me to hold. sick nam vet 12/01/16 04:46:46 PM
#15596   7 reverse splits in 7 years, increasing authorized johnnieva 12/01/16 04:11:57 PM
#15595   In all fairness, the shipping sector is different ag3nt_355 12/01/16 03:39:24 PM
#15592   well there a wall at .0010 maxtrader1m 12/01/16 02:12:29 PM
#15591   NEXT RUN WILL MOST LIKELY GO TO .010++ maxtrader1m 12/01/16 01:58:17 PM
#15590   SAME PATTERN HAS $BTCS :) maxtrader1m 12/01/16 01:56:07 PM
#15589   JUST NEED TO BREAK THE 200MA AGAIN !!! maxtrader1m 12/01/16 01:55:15 PM
#15588   There is no chance that I would ever johnnieva 12/01/16 01:46:13 PM