FreeSeas Inc. is an international dry bulk shipping company. The Company owns approximately two Handysize dry bulk carriers and operates over four Handysize dry bulk carriers. The Company's vessels carry a range 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 dead weight tonnage (dwt) of the fleet that the Company operates is approximately 101,200 dwt. The Company's vessels include M/V Free Maverick, M/V Free Neptune, M/V Fiorello on Bareboat Charter and M/V Figaro on Bareboat Charter. The Company's subsidiaries include Adventure Eleven S.A., Adventure Twelve S.A., Adventure Fourteen S.A., Adventure Fifteen S.A., Nemorino Shipping S.A., Fiorello Shipping S.A., Figaro Shipping S.A. and Standcorp International Limited.