Following “amicablenegotiations” the two companies resolved the row which related to unpaid charter fees for a vessel TMT handed backearly from a bareboat charter, they said today in a joint statement.

As part of the deal NewLead has agreed to lift the warrant on the 320,000-dwt combination carrier (OBO) E Whale (built 2010) which has been under arrest off Cape Town, South Africa, for more than a year.

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