NewLead Holdings' CFO Quits
NewLead Holdings Ltd. announced yesterday that Antonios Bertsos has resigned as Chief Financial Officer of the Company in order to pursue other career opportunities. Antonios Bertsos will remain with the Company until the end of June 2015 to ensure a smooth transition. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "I would like to thank Antonis for his contribution to NewLead."
NewLead Takes Delivery of Eco-Type Handysize Vessel
and external financing. Specifically, in March 2014, NewLead paid a deposit of $1.85 million in cash, and the remaining balance was paid through the combination of cash and 75% financing in a transaction arranged by Pareto Project Finance AS and supported by strong institutional investors. Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated, "We are pleased to announce the delivery of the Newlead Albion, the first vessel to be added to our fleet after our successful restructuring. To receive delivery, we secured financing through a leading shipping and financial institution
