Greece: NewLead Holdings Takes Delivery of New Handysize Vessel

NewLead Holdings Ltd., an international shipping company owning and operating tankers and dry bulk vessels, today announced that on July 28, 2011, the “Navios Serenity,” a new Handysize dry bulk vessel of 35,000 dwt, was delivered from a Korean shipyard to NewLead’s fleet.

Mr. Michael Zolotas, president, chief executive officer and interim chief financial officer of NewLead, stated, “We are pleased to have taken delivery of one of the two new Handysizes to be added to NewLead’s fleet. Today, we control a fleet of 20 vessels in operation. We will continue to optimize our fleet and secure competitive charters.”

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 two are newbuildings. NewLead’s common shares are traded under the symbol “NEWL” on the NASDAQ Global Select Market.

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Source: NewLead Holdings, August 2, 2011.