Courage sells panamax for scrap

Courage sells panamax for scrap

Courage Marine has sold a 16-year-old panamax bulk carrier for scrap via GMS. A company representative confirmed the sale.

This leaves the company with two less than five-year-old supramax bulkers.

Courage Marine from Taiwan used to have a large fleet of bulkers in all sizes. In October Hsu Chih-Chien and Wu Chao-Huan sold their 27.47% equity share of Courage Marine to Success United Development, controlled by Suen Cho Hung, and then the pair left the company.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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