FreeSeas handysize sold

FreeSeas handysize sold

Greek dry bulk operator FreeSeas has announced that the bareboat charter agreement in connection with handysize bulker M/V  Fiorello has been terminated.

Subsequent to the termination, the 1995-built was sold with the sale proceeds being applied towards obligations to the bareboat owners of the vessel and trade creditors.

In May FreeSeas sold the vessel along with a sister vessel to an undisclosed party for $5.5m and chartered them back on a long term bareboat agreement.

As a result of the transaction, FreeSeas said that its outstanding obligations to the owners have been reduced by $750,000.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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