Charter extended of NewLead Holdings bitumen carrier

Charter extended of NewLead Holdings bitumen carrier

An unnamed charterer has extended its existing charter of Newlead Granadino, a bitumen carrier owned by NewLead Holdings, by a further six months.

The six-month extension period will earn the company a net rate of $10,750 per day from the end of January 2016. The charterer has two additional six-month extension periods remaining, which are set at the same charter rate.

The tanker was originally fixed on July 22 at a net charter rate of $10,500 daily for the initial six months.

Newlead Granadino (pictured) is currently trading in North and Central America, NewLead said today, and has carried some 184,213 tons of bitumen since the company acquired the vessel in January.

“The extension of the current contract of Newlead Granadino reflects the satisfaction of the charterer by the operational performance of the vessel amongst some of the most demanding trade routes and petroleum refineries,” Michael Zolotas, chairman and CEO of NewLead, said in a statement.

“NewLead has invested and will continue to invest in the improvement of the technical and operational condition of the company’s vessels in order to ensure continuous competitive and efficient commercial performance.”

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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