German bank Portigon may have to take over day-to-day responsibility for a NewLead Holdings-owned bulker after the original arrestor says it has released the ship.
Ningbo, China-based ship supplier Better Marine released the 75,966-dwt Newlead Victoria (built 2002) last week, according to their attorneys Kuala Lumpur-based Christopher & Lee Ong.
Better Marine had filed the original arrest for the panamax bulker in late November after NewLead failed to pay a $189,000 bill for supplies and stores.
