FreeSeas Inc.

Freeseas Inc. is a premiere, global commercial shipping company transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The Company’s fleet consists of four Handysize vessels of which two are owned and two are bareboat chartered that carry a variety of drybulk commodities, including iron ore, grain and coal, which are referred to as “major bulks” as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice, or “minor bulks”. The aggregate dwt of our operational fleet is 101, 201 dwt and the average age of our fleet is 19 years.