NewLead Holdings Ltd. Announces Delivery of New Kamsarmax Vessel
PIRAEUS, Greece, Dec. 9, 2010 /PRNewswire via COMTEX/
NewLead Holdings Ltd. (Nasdaq: NEWL) ("NewLead" or "the Company"), an international, vertically integrated mixed fleet shipping company, today announced that on December 3, 2010, the new geared Kamsarmax vessel "Newlead Tomi" of 79,224 dwt was delivered from Cosco Dalian Shipyard Co. to NewLead's owned fleet.
The "Newlead Tomi" is one of the two geared Kamsarmaxes that NewLead is building at Cosco Dalian Shipyard Co. The second Kamsarmax vessel is expected to be delivered in the fourth quarter of 2011.
NewLead Holdings Ltd. is an international, vertically integrated shipping company that owns and manages product tankers and dry bulk vessels. NewLead currently controls 22 vessels, including six double-hull product tankers and 16 dry bulk vessels of which four are newbuildings.
NewLead's common shares are traded under the symbol "NEWL" on the NASDAQ Global Select Market.
To learn more about NewLead Holdings Ltd., please visit the new website at www.newleadholdings.com.
Source: NewLead Holdings Ltd.