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Wednesday, 02/08/2017 6:27:39 PM

Wednesday, February 08, 2017 6:27:39 PM

Post# of 34668
Ships going on sale


Three other ships in the NewLead Holdings' fleet are reportedly being prepped for sale, in addition to a bulker recently put on the block, according to sources familiar with the situation.

Two other vessels remain idle as lead creditor National Bank of Greece fails to take any action toward a sale.

The 5,900-dwt Newlead Granadino (built 2009), which is now tied up shoreside in Baltimore Harbor, is said to be ready for inspection. A skeleton crew of six remain aboard the vessel to demonstrate its operations for buyers.

The 3,400-dwt Nepheli (built 2009) was also taken alongside in Piraeus and awaits a sale, with five crew remaining onboard. Natixis holds the lien on both ships and has assumed responsibility for each crew.

US-based credit fund TCA is said to be waiting final clearances to sell the 2,900-dwt Sofia (built 2008), which remains moored off Malta.

Earlier today, it emerged that the 75,966-dwt Newlead Victoria (built 2002) was put up for auction in Malaysia.

National Bank of Greece has laid up the 3,300-dwt Katerina L (built 2009) in Piraeus. The bank does not appear to be taking any steps toward selling the vessel, which has "no prospects" for a buyer at this point, according to one source.

The 3,370-dwt Ioli (built 2009) remains moored at Drammenhavn in Norway. National Bank of Greece also owns the lien on that ship, but has not taken any action to seize control due to mounting port fees and other expenses.

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