Courage Marine reenters cape sector

Hong Kong: Dual-listed Courage Marine has reentered the capesize segment just three months after it sold its last cape for scrap. The company has paid China Partners $6.65m for a mid-1990s-built cape, the 152,000 dwt MV China Act.

“The company has been endeavouring to renew its fleet by acquiring newer vessels in place of the older vessels. The company has previously completed a series of disposal of old vessels and the proceeds of such sales are intended for acquiring further vessels when the right opportunity arises in future,” Courage said in a release.  [08/08/12]

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