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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

IRS Introduces Ship Construction Standards

The International Register of Shipping has submitted goal-based new ship construction standards for verification audit by the International Maritime Organisation.

Bids Placed for Novy Port Icebreaker Contract

Seven companies submit bids for contract for Yamal Novy Port terminal icebreaker   The tendering process for the Yamal Novy Port terminal icebreaker design and build contract has kicked off,

Dredge Yard, Neptune Shipyards Introduce New Dredger

Dredge Yard announced it has partnered with Netherlands-based Neptune Shipyards to develop the new cutter suction dredger, EURO DREDGER 450. Iulia Berchiu, Dredge Yard’s Marketing Manager,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1979 sec (5 req/sec)