FreeSeas Inc. (FreeSeas) is a parent holding company of its ship-owning companies. The Company�s fleet consists of six Handysize vessels and one Handymax vessel that carry a variety of drybulk commodities, including iron ore, grain and coal, which are referred to as bulks, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar and rice, or minor bulks. In March 2014, the Company announced that it has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier.