NewLead Holdings handy sold at auction

NewLead Holdings 2013 built handy bulk carrier 35K M/V NewLead Castellano sold at auction for $7.4 million. USA based MT Maritime Management (MTMM)’s dry bulk carrier arms Strategic
Bulk Carriers SBC is the buyer of the vessel. After the auction, plaintiffs in two separate lawsuits
that seized the handy dry bulk carrier are fighting over whether their cases should be combined now. DHL Project & Chartering has also filed a separate $14.3 million lawsuit.