YRC Worldwide Reports First Quarter Positive Operating Income for the First Time in Six Years

YRC Worldwide Inc. (YRCW) today reported financial results for the first quarter 2013.

Consolidated operating revenue for the first quarter ending March 31, 2013 was $1.162 billion, 2.7% lower than the $1.194 billion reported in the first quarter of 2012, but consolidated operating income increased from a loss of $48.8 million to income of $9.9 million, or a $58.7 million increase.  Operating income in 2013 included a $4.5 million gain on asset disposals and in 2012 included an $8.3M loss. This is the first time in six years that the company reported consolidated positive first quarter operating income.

NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acquire Properties with Estimated Coal Reserves of 143.1 Million Tons and Securing 3-year Coal Supply Contracts Expected to Generate $873.5 million of Revenue

NewLead Holdings Ltd. (NEWL) ("NewLead") today announced that the Company has entered into an agreement to acquire title and excavation rights in properties containing 18.6 million tons of estimated coal reserves for $11.0 million. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1 million tons of coal for $55.0 million.

NewLead Holdings Ltd. Receives Investment of $236.4 million

NewLead Holdings Ltd. (NEWL) ("NewLead") today announced that the Company received a capital contribution of industrial metal valued at $236.4 million for a 36.8% equity interest in NewLead.

Michael Zolotas, President and Chief Executive Officer of NewLead, stated, "this significant investment demonstrates confidence in the management team and the future of NewLead.  The investment will provide valuable collateral for loans funding our capital-intensive activities and provides a solid platform to execute on our diversified growth strategy." 

Seanergy Maritime Holdings Corp. Sucessfully Completes Sale of Subsidiary

Seanergy Maritime Holdings Corp. (the "Company") ( NASDAQ : SHIP ) announced today that it has completed the previously announced sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited ("BET"). The Buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the Company's major shareholders.

Following the sale of BET, the Company owns a fleet of 12 dry bulk carriers (two Panamax, two Supramax, and eight Handysize vessels) with a total carrying capacity of approximately 468,500 dwt and an average fleet age of 13.9 years.