NewLead Holdings said it took delivery of the 35,500-dwt MV Newlead Castellano (built 2013) last week. MV Newlead Castellano is trading spot and the profit figure assumes $1.73m of yearly operating expenses.
Ex name was MV Maple Draco, previously owned by Maple Leaf Shipping of China.
MV Newlead Castellano bought for $19.5m last December
CEO Michael Zolotas said: "We are focusing on younger vessels to ensure a longer revenue capacity through extended employment lifetime"
Dry Bulk Shipping News - Shipbroker Notes