NEW YORK (AP) ¿ Greek drybulk shipper FreeSeas Inc. said Tuesday it has taken delivery of another vessel, expanding its fleet to 10.
The Free Neptune vessel has been fixed for a spot time charter trip of roughly 30 days at a daily rate of $15,000, the company said in a statement.
The company used capital from a recent common share offering. It bought the 13-year-old Free Neptune for roughly $11 million.
The company also announced new charters for four of its Handysize vessels, the Free Destiny, Free Hero, Free Knight, and Free Maverick.FreeSeas' common shares and warrants trade on the Nasdaq.