The M/V Free Goddess. Photo: Neptune Maritime Security
Athens-based drybulk shipper FreeSeas announced Wednesday that the formerly hijacked MV Free Goddess will be returning to service after securing $1.1 million from the insurers of the vessel.
In addition to the $1.1 million, the amount of $700,000 has already been disbursed in favor of the company pursuant to the terms agreed, according to Freeseas.
The M/V Free Goddess was hijacked in the Arabian Sea by Somali pirates in February 2012 and released in October 2012 after a ransom was paid to the hijackers. The 22,051 DWT bulk carrier has been under repairs at a port of refuge since her release.
Freeseas says that as a result of the repairs progress and the funding received, the vessel is now expected to shortly return to service.
FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece and owns a fleet of six Handysize vessels and one Handymax vessel. The company trades on the Nasdaq Capital Market under the symbol “FREE”.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,954 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
The European Union’s counter-piracy naval operation off the Somali coast, known as Operation Atalanta, has reiterated its warning that ransom payments could potentially exacerbate the piracy issue off the Horn...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,954 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
