The Nasdaq-listed owner said the “eco-type” 35,000-dwt bulker is due from an unnamed yard in the third quarter of 2014, suggesting a resale vessel.

CEO Michael Zolotas said: "As we have previously announced, following the completion of NewLead's restructuring and alongside the development of its commodity arm, our aim is the continuous growth of our fleet.”

He added the vessel will be the first new fuel-efficient bulker to join its fleet of two dry cargo carriers and two tankers.

“We