Ongoing cash flow problems at NewLead Holdings have led to two more of its bitumen tankers being arrested in Greece, a NewLead representative confirmed.

The 3,300-dwt Katerina L (built 2009) was arrested by the National Bank of Greece (NBG), which has a first priority mortgage on the vessel. The vessel has been in Piraeus port for three weeks where it was detained by the Greek Coast Guard after an inspection.

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