NewLead Sale & Leaseback

Not easily dissuaded, NewLead Holdings Ltd, despite disappointing efforts in the equity and Norwegian bond market, re-visited the sale and leaseback market announcing a transaction with Northern Shipping Funds. The latter acquired the Newlead Endurance, a 92,000 DWT Post-Panamax directly from a Korean shipyard at an undisclosed price. The seven-year bareboat charter-back to Newlead is at an undisclosed rate and includes a re-purchase option.

This is only an excerpt of NewLead Sale & Leaseback

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.