Dry CargoGreater China
Courage Marine offloads capesize bulker
Hong Kong: Taiwan’s Courage Marine has announced that subsidiary, Sea Pioneer Marine, has enter into an agreement with US-based Providence Shipping to sell its capesize bulk carrier Cape Pioneer (149,396 dwt, built 1994).
The price for the sale is $6.4m, and the vessel is scheduled to be delivered by June 30.
Funds from the disposal of the vessel will be used for general working capital and for funding the possible acquisition vessels, the company said in a filing to the Hong Kong Stock Exchange.