The fleet of collapsed US-listed owner NewLead Holdings is in the process of being sold off, with its remaining bulker — the Tsuneishi-built, 75,000-dwt NewLead Victoria (built 2002) — auctioned in Malaysia.
The ship, which is due for special survey, has gone to little-known Malaysian owner Austbulk Shipping for just $5m. VesselsValue estimates the ship to be worth $7.7m.
The vessel was arrested in November over unpaid bills for spares and provisions, while the onboard crew was owed $220,000 in wages.
