The company has already secured financing three newbuildings
NewLead Holdings Ltd., an international shipping company owning and operating tankers and dry bulk vessels, 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.”
Source: NewLead Holdings Ltd.