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NewLead pair sold by Goldman Sachs

Singapore owner Wilmar is ending the year at a gallop. Subsidiary Raffles Shipping has just been linked as the buyer of a pair of NewLead handies.

Creditor Goldman Sachs organized the sale of the NewLead Albion and Newlead Venetico – four-year-old 32,318 dwt sister ships built in China that have been laid up for the last three months. The Wilmar subsidiary is reported by brokers as paying just $6m per ship. NewLead had bought the pair – previously known as Maple Amethyst and Maple Crystal – back in March 2014 for $18.5m each.

In recent months Wilmar has bought a product tanker and a supramax bulker – also at bargain basement prices.

Greece’s NewLead Holdings has seen a number of its ships auctioned off this year.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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