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.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

If you liked this article you might like

What's Behind the Surge in Energy Stocks

Hillary Clinton Says Prosecuting Individuals is Key to Wall Street Reform