NewLead Holdings Announces Acquisition of Handysize Dry Bulk Vessel

Press Release
Monday, May 16, 2011

NewLead Holdings Ltd. (NASDAQ: NEWL), an international, vertically integrated shipping company, today announced that on May 10, 2011 it acquired the 2003-built, 34,682 dwt, Handysize dry bulk vessel, Newlead Prosperity, for a total consideration of $24.5 million. The Newlead Prosperity was initially delivered under a bareboat charter during Q4 2010. The charter period ended May 10, 2011.

Mr. Michael Zolotas, president and chief executive officer of NewLead, stated, "Newlead Prosperity is the first Handysize dry bulk vessel in our operational fleet. We expect to take delivery of two additional newbuild Handysize bulk vessels in the second quarter of 2011 and the third quarter of 2012. Handysize vessels have proven to be relatively stable in this market, so we are pleased to take ownership at this time."

Source: NewLead Holdings

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

Steel Cut on First of Three ISVs for KT Maritime

A steel cutting ceremony held last week at the Singapore shipyard of partner company, ASL Shipyard Pte Ltd. marked the start of construction for the first of three

Innovative Thrawls Help Reduce the Enviromental Impact

Fishing Company Cornelis Vrolijk, based in IJmuiden, The Netherlands, and its subsidiary Jaczon, based in Scheveningen, The Netherlands, are specialized in pelagic fishing.

Two More Damen Twin Axe Catamarans for SeaZip

Damen Shipyards and SeaZip Offshore Service signed another contract for two Damen Fast Crew Suppliers (FCS) 2610 at Wind Energy in Hamburg. The two new vessels,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3495 sec (3 req/sec)