Replies to post #21482 on Newlead Holdings Ltd. (fka NEWLF)

[MR.METICULOUS]

again they were small (dwt) that used alot of fuel to run and had limited cargo space.....the new ships are:

QUOTE:

http://phx.corporate-ir.net/phoenix.zhtml?c=190546&p=irol-newsArticle&ID=1932219&highlight=

Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "We are pleased to announce the delivery of the Newlead Albion, the first vessel to be added to our fleet after our successful restructuring. To receive delivery, we secured financing through a leading shipping and financial institution, demonstrating third party belief in the transformation of NewLead."

Michael Zolotas, added, "We are modernizing our fleet with fuel efficient vessels. The fleet age is being optimized, and employment lifetime is substantially longer. NewLead expects to have three new modern Handysize vessels added to its fleet by the end of August 2014."