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Courage in capesize buy

Courage in capesize buy
Hong Kong: Courage Marine is buying the 152,000dwt Capesize bulker MV China Act from China Partners for $6.65m.

Delivery is scheduled to take place between Aug 24 and Sept 30. Courage said it believes 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". The company has recently divested some older vessels and is reinvesting the proceeds in renewing its fleet.