NewLead Holdings Ltd. is an international, vertically integrated shipping and coal processing company. The Company operates in three segments: the dry segment for the dry bulk vessels; the wet segment for the oil tanker/asphalt carriers in relation to the shipping business, and the coal business segment. As of December 31, 2014, its fleet consisted of five dry bulk vessels and five oil tanker / asphalt carriers. In addition, the Company performs part of the commercial, technical and operational management of one oil tanker vessel owned by a third party. Its principal activity is the operation of dry bulk vessels and oil tanker / asphalt carriers, either controlled or managed, which transports a range of refined petroleum products and an array of unpackaged cargo around the world. Newlead Shipping S.A. (Newlead Shipping), a subsidiary of the Company, is an integrated technical and commercial management company that manages oil tanker/asphalt carriers, as well as dry bulk vessels.