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NewLead bags bitumen carrier COA

NewLead Holdings has inked a Contract of Affreightment (COA) for the first of five bitumen tankers the company recently acquired.

Marcus Hand, Editor

February 25, 2015

1 Min Read
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The contract for the 2009-bulit Katerina L is for a minimum of 31,000 tonnes of bitumen on 10 voyages and a maximum 49,600 tonnes over 16 voyages over 10 months to an undisclosed charterer.

The vessel will be trading the UAE and Mediterranean areas and the contract begins at the end of February.

"Our strong relationships with oil majors and specialized oil and bitumen trading companies allowed us to enter into the Contract of Affreightment for the transportation of all bitumen within a few months of the final delivery of all five bitumen tanker vessels,” said Michael Zolotas, chairman and ceo of NewLead.

The Katerina L is one of five bitumen carriers recently acquired by NewLead along with the 2009-built Captain Nikolas I, Nepheli and Ioli, and the 2008-built Sofia.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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