FreeSeas Inc., a drybulk shipping company, engages in the transportation of drybulk cargoes. The company transports various drybulk commodities, including iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. It owns and operates a handysize dry bulk carrier. As of April 20, 2018, it operated one handysize drybulk carrier with a capacity of approximately 30,838 deadweight tons. The company was formerly known as Adventure Holdings S.A. and changed its name to FreeSeas Inc. in April 2005. FreeSeas Inc. was founded in 2004 and is based in Athens, Greece.