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Courage splashes $10m on secondhand capesize

Courage splashes $10m on secondhand capesize

Singapore: Taiwanese-owned Courage Marine is spending $10m on a secondhand capesize bulker. The Singapore-listed bulker owner is acquiring the secondhand vessel to replace its existing capesize, Cape Ore. The company said it made a $400,000 profit on the disposal of the Cape Ore. Courage Marine has 10 bulkers comprising, three handysize, two handymaxes, four panamaxes and one capesize. [05/05/10]

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