Replies to post #32608 on Newlead Holdings Ltd. (fka NEWLF)

[BottomBounce]

MORE NEWS!!! NewLead Holdings Announces Contract of Affreightment for Newlead Markela

PIRAEUS, Greece, March 3, 2015 /PRNewswire/ -- NewLead Holdings Ltd. (OTC: NEWL) ("NewLead" or the "Company") announced today that it has entered into a Contract of Affreightment for one of its dry bulk vessels, the Panamax Newlead Markela, for the transportation, anticipated to be completed within a twelve month period, of approximately 704,000 tons of aggregates over eleven consecutive voyages.

The Newlead Markela will be trading in the Arabian Gulf and the first shipment is scheduled to commence during March 2015.

Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "We have succeeded in securing solid employment of the Newlead Markela for the year 2015 while the dry bulk market is at historical lows. We intend to capitalize on our strong commercial relationships with charterers and trading companies to capture trading opportunities despite unfavorable market conditions in the dry bulk sector. We continue to optimize the employment of our fleet and enhance the revenues and cash flow of the Company."

Mr. Zolotas added, "Our strategy for 2015 is to continue to grow our fleet while taking advantage of market opportunities."

Newlead has approximately 43.2% and 45.4% of its operating days covered for 2015 for the dry bulk and tanker vessels, respectively, with the Newlead Victoria and the Nepheli on a period time charter until June 2018 and July 2015, respectively, and the rest of the Company's fleet trading on the spot market.

Fleet Update
The following table details NewLead's fleet as of March 2, 2015:

Vessel Name


Size (dwts)


Vessel Type


Year Built

Dry Bulk Vessels

Newlead Castellano


35,542


Eco-type Handysize


2013

Newlead Albion


32,318


Eco-type Handysize


2012

Newlead Venetico


32,500


Eco-type Handysize


2012

Newlead Victoria


75,966


Panamax


2002

Newlead Markela


71,733


Panamax


1990

Tanker Vessels

Captain Nikolas I


5,887


Chemical Tanker/Asphalt Carrier


2009

Katerina L


3,357


Chemical Tanker/Asphalt Carrier


2009

Nepheli


3,416


Chemical Tanker/Asphalt Carrier


2009

Ioli


3,396


Chemical Tanker/Asphalt Carrier


2009

/T Sofia


2,888


Chemical Tanker/Asphalt Carrier


2008

Gema1


19,831


Oil Tanker


2001

1. This is a third party vessel under management

http://www.prnewswire.com/news-releases/newlead-holdings-announces-contract-of-affreightment-for-newlead-markela-300044394.html

[BottomBounce]

$NEWL Expanded Fleet to Ten Vessels http://www.hellenicshippingnews.com/newlead-holdings-ltd-announces-expansion-of-fleet-to-ten-vessels/