Courage Marine pays $8.6m for panamax

Hong Kong: Taiwanese owner Courage Marine has bought a second hand panamax bulker from Ta-Ho Maritime Corporation for $8.6m. The 72,000 dwt ship Hsin Ho will be paid with Courage’s own cash and bank loans.

“The company considers that the right opportunity has arisen and the current market situation is suitable for it to further acquire a younger vessel to strengthen its fleet,” Courage Marine said in a release.  [23/12/13]

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