NewLead (NEWL) Completes Redelivery of Four Drybulk Vessels

April 5, 2012 8:43 AM EDT
NewLead Holdings Ltd. (Nasdaq: NEWL) has recently completed the redelivery of four dry bulk vessels, the "Australia", the "Brazil", the "China" and the "Grand Rodosi", to their owners, which are affiliates of Lemissoler Maritime Company W.L.L.

As previously announced, NewLead had signed an agreement with Lemissoler for the sale and leaseback of the four aforementioned vessels in November 2010.


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