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.

Katherine Si

Having majored in English Katherine started out at news portal ShippingChina.com where she rose to become News Editor. In 2008 she moved to work with Sam Chambers and has since held numerous positions including China correspondent for Seatrade magazine. Katherine is in touch with Chinese owners and yards on a daily basis and has had many prestigious news scoops reporting China’s fast evolving maritime scene.
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