NewLead Holdings Sells Two Vessels

Wednesday, January 13, 2010

NewLead Holdings Ltd. (NASDAQ:NEWL) announced the sale the Saronikos Bridge and MSC Seine to a third party. The Saronikos Bridge was delivered to her new owners on January 7, 2010. The MSC Seine will be delivered to her new owners by the end of January 2010. Each of the vessels is a 2,917 TEU container vessel built in 1990, and their sale marks NewLead's exit from the container market. The sale of these vessels will create gross proceeds of approximately $13m. The company plans to use these proceeds, less related expenses, to reduce debt.

Email AddThis Feed Button Share
Maritime Reporter May 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

Rolls-Royce has a Gas with Bergen Engines

March 2013 saw Rolls Royce collect the Green Ship Technology Award at the Green Ship Technology Conference in Hamburg for its Environship concept, which has lean

Atlantic Offshore and Ocean Response

Multi-role Rescue Vessel (MRV) and Platform Supply Vessel (PSV) specialist Atlantic Offshore recently took its active fleet number to 19 vessels (six newbuilds are also under construction),

IHC Merwede Delivers New Backhoe Dredger

IHC Merwede delivered the Alberto Alemán Zubieta to Autoridad del Canal de Panama (ACP) in Panama City. The formalities were handled by ACP’s Contracting Officer, Mrs.

 
 
mobi | rss feeds | archive | history | articles | privacy | contributors | top news | about us | copyright