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Hijacked MV Free Goddess to Return to Service

Hijacked MV Free Goddess to Return to Service

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December 11, 2013

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”.

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