NewLead to Acquire Two
Post date: 09.04.2014 , Views: 288
The company has signed a term sheet with a leading financial institution to provide 75% debt financing for the two vessels for a total of $35 million.
If all goes to schedule, the two ships should enter NewLeads fleet within the next three months.
Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated: We are pleased to bring into NewLead the opportunity to acquire two more dry bulk Panamax vessels. Upon delivery of those two vessels, NewLead is expected to have a fleet of seven dry bulk vessels.
NewLead currently owns two dry bulkers and has agreements to acquire three eco-type Handysize vessels, one of which is a newbuilding.
World Maritime News Staff, April 9, 2014