NewLead Holdings Ltd. Announces Delivery of New Post-Panamax Vessel

PIRAEUS, Greece, June 21, 2011 /PRNewswire via COMTEX/

NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or "the Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that on June 13, 2011, the new Post-Panamax vessel "Newlead Endurance" of 92,000 dwt was delivered from a Korean shipyard to NewLead's fleet.

NewLead financed the vessel through a sale and immediate bareboat leaseback transaction.

Mr. Michael Zolotas, president and chief executive officer of NewLead, stated, "We are pleased to have taken delivery of 'Newlead Endurance'. We also have secured financing for the remaining three newbuilding projects. We continue to create solutions in bringing NewLead forward despite challenging industry conditions."

About NewLead Holdings Ltd.
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 three 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. press release