China: Cosco Dalian Shipyard Hands Over New Kamsarmax Dry Bulk Vessel to NewLead

NewLead Holdings Ltd, an international shipping company owning and operating tankers and dry bulk vessels, on November 10, 2011, took delivery of “Newlead Gujarat,” a new geared Kamsarmax dry bulk vessel of 79,263 dwt that was delivered from Cosco Dalian Shipyard Co. to NewLead’s fleet.

The “Newlead Gujarat” is the second geared Kamsarmax that NewLead built at Cosco Dalian Shipyard Co.

Michael Zolotas, president and chief executive officer of NewLead, stated, “We are pleased to have taken delivery of a geared Kamsarmax as part of NewLead’s newbuilding program. Despite the difficult market conditions, we continue to work closely with our lenders to deliver on our commitments.”

[mappress]

Shipbuilding Tribune Staff, November 15, 2011; Image:cosco