Portigon has become the latest creditor to lay claim to assets of NewLead Holdings.

The German bank has filed the second arrest warrant against a NewLead-owned bulker anchored off Malaysia.

The 75,966-dwt Newlead Victoria (built 2002) is already the subject of a warrant from a supplier due to an unpaid bill.

Crew members onboard the vessel report that it is having problems with its engine and cannot reach full speed.