NewLead Holdings
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Europe
NewLead’s lawyers pull out of vessel dispute
Lawyers representing NewLead Holdings in a vessel arrest suit have been granted permission to withdraw as counsel for the Greek…
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Dry Cargo
NewLead bulker sold at auction
NewLead Holdings’ disputed bulk carrier has been sold at action in the US for $7.4m to Singapore’s MT Maritime Management.…
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Americas
NewLead vessel to be sold at auction
A US court has ordered an arrested handymax bulk carrier owned by Greece’s NewLead Holdings to be sold in an…
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Europe
Another charter extension for NewLead bitumen tanker
The unnamed charterer of the NewLead Granadino (5,887 dwt, built 2009) has extended the contract for a second time for…
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Americas
NewLead acquires Kritsas fleet, vessels arrested and sold at auction
NewLead Holdings has revealed it took over Greece’s Kritsas Shipping in March, but one of the owner’s former vessels has…
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Americas
NewLead CEO admits deleting emails but no judgment yet
Michael Zolotas, CEO of NewLead Holdings, has admitted deleting the “missing” emails pertaining to the ongoing dispute between his company…
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Americas
NewLead accused of contempt of court, ‘missing’ emails still missing
NewLead Holdings and its CEO Michael Zolotas have been accused of contempt of court and spoliation of evidence by TransAsia…
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Americas
NewLead accused of stock manipulation, bank fraud and money laundering
A commodity trader suing NewLead Holdings for breach of contract has made extraordinary allegations of stock manipulation, bank fraud and…
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Dry Cargo
NewLead to undertake its sixth reverse stock split in six years
Shareholders in NewLead Holdings have voted to undertake another reverse stock split this year, which will be the sixth consolidation…
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Europe
NewLead bitumen tanker has contract of affreightment renewed
NewLead Holdings’ bitumen tanker has had its contract of affreightment (COA) renewed for a further 12 months, during which it…
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Americas
NewLead fires back at TransAsia in court case, blames co-defendant
More shots have been fired in the ongoing court case between NewLead Holdings and TransAsia Commodities. The Greek shipping company…
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Americas
NewLead CEO accused of withholding documents, plaintiff calls for his deposition
NewLead’s CEO Michael Zolotas has been accused of withholding documents and must produce his hard drive as evidence, according to…
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Americas
NewLead JMEG CEO’s attorney applies for resignation
Court proceedings have been stayed against Jan Berkowitz, the CEO of NewLead JMEG, after he filed for bankruptcy on October…
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Americas
NewLead JMEG CEO files for bankruptcy ahead of court deposition
Jan Berkowitz, CEO of NewLead JMEG, has filed for bankruptcy protection in the US just days ahead of his court…
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Dry Cargo
NewLead announces failed coal mine deal ahead of CEO’s deposition
NewLead Holdings says it failed to complete the acquisition of a coal mine in Kentucky during 2013. The statement comes…
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Europe
NewLead fixes bitumen tanker on timecharter
NewLead Holdings has fixed one of its bitumen tankers to an undisclosed counterparty on a six-month timecharter with extension options.…
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Dry Cargo
NewLead Holdings gets new CFO and corporate secretary
NewLead Holdings has named Lena Despotopoulou as its new CFO and Eleftheria Savvidaki as its new corporate secretary. Samuel Gulko has…
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Americas
NewLead JMEG concedes liability in breach of contract litigation
Athens: After a long-running court case, NewLead JMEG has filed a stipulation of liability in the breach of contract court…
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Dry Cargo
NewLead handysize bulker gets period charter
Athens: A handysize bulk carrier owned by NewLead Holdings has won a two- to four-month timecharter from an unnamed charterer.…
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Americas
NewLead handy bulker gets timecharter
Athens: A handysize bulk carrier owned by NewLead Holdings has won a three- to five-month timecharter from an unnamed party.…
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