NewLead Holdings Ltd. (NEWL) Secures $148M Contract to Ship and Supply Coal, Mine Acquisition Extensions Also Reported
NewLead Holdings, the name behind the recognized international shipping fleet of dry bulk carriers used to move primarily iron ore, coal, and other dry bulk commodities, as well as double-hulled product tankers used for transporting oil, reported inking of a 1.48M metric ton steam coal supply and delivery agreement today, valued at roughly $148M in revenue over the life of the contract. This contract is bread and butter for NEWL and will kick off in March with the initial 130k metric ton delivery, to be followed by subsequent deliveries of 150k metric tons each month from April till the close…