|By PR Newswire||
|April 23, 2014 07:45 AM EDT||
NEW YORK, April 23, 2014 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ-GS: NEWL) has historically been an international shipping company that has been transforming into an international vertically integrated shipping and commodity company. NewLead engages in the transportation of refined products, such as gasoline and jet fuel, and dry bulk goods, such as iron ore, coal and grain.
Management has announced several actions in recent months that suggest aggressive expansion initiatives in not only the legacy shipping business but also in the much newer mining/commodity related businesses.
NEWL as an interesting restructuring or special situation type play for those interested in the shipping and commodities sectors. A recent $25mm capital raise and entry into certain mining/commodity related ventures in Kentucky could provide the Company an avenue forward ultimately to success and profitability.
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