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.

(Source: www.schednet.com)