Report of Foreign Issuer (6-k)
September 02 2015 - 9:02AM
Edgar (US Regulatory)
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 September 2015
Commission File Number: 000-51672
FREESEAS
INC.
(Name of Registrant)
10, Eleftheriou Venizelou Street (Panepistimiou
Ave.), 106 71, Athens, Greece
(Address of principal
executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
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): ¨
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): ¨
FREESEAS INC.
EXHIBITS
Exhibit
Number
|
Description |
99.1 |
Press Release, dated September 2, 2015, issued by FreeSeas Inc. |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
FREESEAS
INC. |
|
|
Date: September 2, 2015 |
By: |
/s/ DIMITRIS PAPADOPOULOS |
|
|
Dimitris Papadopoulos Chief Financial Officer |
|
|
|
Exhibit 99.1
FreeSeas
Announces New Charter for Vessels Reflecting the Charter Market
Improvement
Athens, Greece, September 2, 2015 --
FreeSeas Inc. (Nasdaq: FREE) (“FreeSeas” or the “Company”), a transporter of dry-bulk cargoes through
the ownership and operation of a fleet of Handysize vessel and an owner of a controlling stake in a company commercially operating
tankers and dry-bulkers, announced today that the owned vessel M/V Free Neptune, a 1996-built, 30,838 dwt Handysize vessel, has
been delivered to her charterers for a time charter trip of a duration of approximately 30 days at a gross rate of $9,500 per day.
The previous time charter trip of a duration of 37 days, at a gross rate of $8,900 per day, was completed five days ago.
Mr. Ion G. Varouxakis, the Company’s
CEO commented: “We are pleased that the M/V Free Neptune has been able to secure employment at rates comfortably above her
running expenses. This reflects an overall much improved picture for time charter rates compared to the situation at the beginning
of the year. We look forward to gradually seeing similar results for the rest of the fleet, depending on positional situations.”
About FreeSeas Inc.
FreeSeas Inc. is a Marshall Islands corporation
with principal offices in Athens, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and
operation of drybulk carriers and also is an owner of a controlling stake in a company commercially operating tankers. Currently,
it has a fleet of Handysize vessels. FreeSeas' common stock trades on the Nasdaq Capital Market under the symbol FREE. Risks and
uncertainties are described in reports filed by FreeSeas Inc. with the SEC, which can be obtained free of charge on the SEC's
website at http://www.sec.gov. For more information about FreeSeas Inc., please visit the 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. 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 Information:
At the Company
FreeSeas Inc.
Dimitris Papadopoulos, Chief Financial
Officer
011-30-210-45-28-770
Fax: 011-30-210-429-10-10
dp@freeseas.gr
www.freeseas.gr
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