Strategy FreeSeas corporate strategy is ba
Post# of 41
Posted On: 01/01/2013 6:49:41 PM
Strategy
FreeSeas corporate strategy is based on six clearly identified targets.
Continue to grow through fleet expansion and accretive transactions
FreeSeas is actively pursuing the acquisition of additional vessels in the open market, leveraging its relationships with international banks, access to the capital markets and strong balance sheet. Acquiring and operating additional drybulk carriers and employing them on accretive charters will allow FreeSeas to maintain the financial foundation necessary to ensure future growth.
Maintain a focus on the handysized and handymax segment
The handysized and handymax segment exhibits less volatility, favorable orderbook dynamics, and an aging fleet profile (ensuring demand for younger tonnage). Additionally, this segment demonstrates increased operating flexibility due to their size which presents few, if any, restrictions on the ports upon which it calls and the cargoes it can carry.
Cultivate a healthy balance sheet with appropriate leverage
FreeSeas believes that the key to its continued growth is a well maintained and well leveraged balance sheet. In this way, the Company will be able to mitigate market cycles, while maintaining the ability to acquire additional tonnage
Expand relationships with first-class partners
In shipping, you are measured by the company you keep. As such, FreeSeas strives to continually build and maintain relationships with first-class charterers, banks, classifications societies, crewing agencies, insurance agencies, and other third-party suppliers operating in the shipping industry.
Consistently strive for the highest standards in fleet maintenance and safety
The continuous evolution of the drybulk industry favors those with young, modern tonnage. This flight to quality is only enhanced when the vessels are well maintained, professionally staffed and accident free. FreeSeas recognizes that its safety record and fleet maintenance will help to differentiate the Company from its peers.
Always seek to enhance shareholder growth and value
Every action that FreeSeas takes, every vessel it acquires, and every charter it secures, are all are focused on growing the enterprise and cultivating shareholder value. The Company and its management strive everyday to reward the loyal support of our shareholders.
Overview
Historical Facts
Strategy
Organizational Chart
> Stock Data
Strategy
FreeSeas corporate strategy is based on six clearly identified targets.
Continue to grow through fleet expansion and accretive transactions
FreeSeas is actively pursuing the acquisition of additional vessels in the open market, leveraging its relationships with international banks, access to the capital markets and strong balance sheet. Acquiring and operating additional drybulk carriers and employing them on accretive charters will allow FreeSeas to maintain the financial foundation necessary to ensure future growth.
Maintain a focus on the handysized and handymax segment
The handysized and handymax segment exhibits less volatility, favorable orderbook dynamics, and an aging fleet profile (ensuring demand for younger tonnage). Additionally, this segment demonstrates increased operating flexibility due to their size which presents few, if any, restrictions on the ports upon which it calls and the cargoes it can carry.
Cultivate a healthy balance sheet with appropriate leverage
FreeSeas believes that the key to its continued growth is a well maintained and well leveraged balance sheet. In this way, the Company will be able to mitigate market cycles, while maintaining the ability to acquire additional tonnage
Expand relationships with first-class partners
In shipping, you are measured by the company you keep. As such, FreeSeas strives to continually build and maintain relationships with first-class charterers, banks, classifications societies, crewing agencies, insurance agencies, and other third-party suppliers operating in the shipping industry.
Consistently strive for the highest standards in fleet maintenance and safety
The continuous evolution of the drybulk industry favors those with young, modern tonnage. This flight to quality is only enhanced when the vessels are well maintained, professionally staffed and accident free. FreeSeas recognizes that its safety record and fleet maintenance will help to differentiate the Company from its peers.
Always seek to enhance shareholder growth and value
Every action that FreeSeas takes, every vessel it acquires, and every charter it secures, are all are focused on growing the enterprise and cultivating shareholder value. The Company and its management strive everyday to reward the loyal support of our shareholders.
Overview
Historical Facts
Strategy
Organizational Chart
> Stock Data
FAIL (the browser should render some flash content, not this).
FAIL (the browser should render some flash content, not this).
FreeSeas corporate strategy is based on six clearly identified targets.
Continue to grow through fleet expansion and accretive transactions
FreeSeas is actively pursuing the acquisition of additional vessels in the open market, leveraging its relationships with international banks, access to the capital markets and strong balance sheet. Acquiring and operating additional drybulk carriers and employing them on accretive charters will allow FreeSeas to maintain the financial foundation necessary to ensure future growth.
Maintain a focus on the handysized and handymax segment
The handysized and handymax segment exhibits less volatility, favorable orderbook dynamics, and an aging fleet profile (ensuring demand for younger tonnage). Additionally, this segment demonstrates increased operating flexibility due to their size which presents few, if any, restrictions on the ports upon which it calls and the cargoes it can carry.
Cultivate a healthy balance sheet with appropriate leverage
FreeSeas believes that the key to its continued growth is a well maintained and well leveraged balance sheet. In this way, the Company will be able to mitigate market cycles, while maintaining the ability to acquire additional tonnage
Expand relationships with first-class partners
In shipping, you are measured by the company you keep. As such, FreeSeas strives to continually build and maintain relationships with first-class charterers, banks, classifications societies, crewing agencies, insurance agencies, and other third-party suppliers operating in the shipping industry.
Consistently strive for the highest standards in fleet maintenance and safety
The continuous evolution of the drybulk industry favors those with young, modern tonnage. This flight to quality is only enhanced when the vessels are well maintained, professionally staffed and accident free. FreeSeas recognizes that its safety record and fleet maintenance will help to differentiate the Company from its peers.
Always seek to enhance shareholder growth and value
Every action that FreeSeas takes, every vessel it acquires, and every charter it secures, are all are focused on growing the enterprise and cultivating shareholder value. The Company and its management strive everyday to reward the loyal support of our shareholders.
Overview
Historical Facts
Strategy
Organizational Chart
> Stock Data
Strategy
FreeSeas corporate strategy is based on six clearly identified targets.
Continue to grow through fleet expansion and accretive transactions
FreeSeas is actively pursuing the acquisition of additional vessels in the open market, leveraging its relationships with international banks, access to the capital markets and strong balance sheet. Acquiring and operating additional drybulk carriers and employing them on accretive charters will allow FreeSeas to maintain the financial foundation necessary to ensure future growth.
Maintain a focus on the handysized and handymax segment
The handysized and handymax segment exhibits less volatility, favorable orderbook dynamics, and an aging fleet profile (ensuring demand for younger tonnage). Additionally, this segment demonstrates increased operating flexibility due to their size which presents few, if any, restrictions on the ports upon which it calls and the cargoes it can carry.
Cultivate a healthy balance sheet with appropriate leverage
FreeSeas believes that the key to its continued growth is a well maintained and well leveraged balance sheet. In this way, the Company will be able to mitigate market cycles, while maintaining the ability to acquire additional tonnage
Expand relationships with first-class partners
In shipping, you are measured by the company you keep. As such, FreeSeas strives to continually build and maintain relationships with first-class charterers, banks, classifications societies, crewing agencies, insurance agencies, and other third-party suppliers operating in the shipping industry.
Consistently strive for the highest standards in fleet maintenance and safety
The continuous evolution of the drybulk industry favors those with young, modern tonnage. This flight to quality is only enhanced when the vessels are well maintained, professionally staffed and accident free. FreeSeas recognizes that its safety record and fleet maintenance will help to differentiate the Company from its peers.
Always seek to enhance shareholder growth and value
Every action that FreeSeas takes, every vessel it acquires, and every charter it secures, are all are focused on growing the enterprise and cultivating shareholder value. The Company and its management strive everyday to reward the loyal support of our shareholders.
Overview
Historical Facts
Strategy
Organizational Chart
> Stock Data
FAIL (the browser should render some flash content, not this).
FAIL (the browser should render some flash content, not this).
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