Courage seeks greater efficiciency

Hong Kong: Courage Marine reported a 38% turnover decrease in Q3, reflecting the poor market conditions in dry bulk rates and lower fleet utilization. However, it did manage a small $454,000 profit, a big swing from the $3.4m loss in the previous corresponding quarter.

The dry bulk market remains weak and the demands for commodities in the greater China region is also low, Courage Marine noted, adding the dual listed firm would maintain its cost-effective structure and focus on keeping its fleet well deployed and running efficiently.  [15/11/12]

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