Courage Marine has grabbed a 57,000 dwt supramax bulk carrier currently under construction at a Chinese yard for $26.6m, Seatrade Asia online reports. Heroic Marine, wholly-owned by Courage Marine, will take delivery of the bulk carrier during January 2012.
“The company considers that the current market situation is suitable for the company to renew the company's fleet by acquiring newbuilding vessel in place of the older vessels in the fleet,” Courage Marine said.
Up to 70% of the newbuilding cost will be funded by bank borrowings and the balance will be funded by internal resources, the shipping firm added.
“The company considers that the current market situation is suitable for the company to renew the company's fleet by acquiring newbuilding vessel in place of the older vessels in the fleet,” Courage Marine said.
Up to 70% of the newbuilding cost will be funded by bank borrowings and the balance will be funded by internal resources, the shipping firm added.