FreeSeas Inc., through its subsidiaries, operates as an international dry bulk shipping company. The company transports various dry bulk commodities, including coal, grains, and iron ore, as well as bauxite, phosphate, fertilizers, steel products, sugar, and rice worldwide. As of December 31, 2008, its fleet consisted of seven Handysize vessels and two Handymax vessels. The company was founded in 2004 and is based in Piraeus, Greece.