Courage Investment's subsidiary buy Supramax vessel for $120m

A separate subsidiary is disposing the company's oldest vessel for $108m.

Courage Investment Group Ltd’s subsidiary, Peak Prospect, has acquired a second-hand dry bulk Supramax vessel named ‘Diva’ from an unnamed company for $120m (US$15.4m). 

Diva was built by Jiangsu New Hantong in 2011. It has a carrying capacity of 57,000 dead-weight tonnage (dwt) for transportation of dry bulk commodities. 

Peak Prospect said that it bought the vessel to upgrade its dry bulk fleet.

Courage Marine, another subsidiary, is disposing the company's oldest vessel to an unnamed company from Panama.

The vessel 'Zorina' is the company’s oldest vessel and will be sold for $108m (US$13.8m). 

Built in 2011 with a carrying capacity of 57,000 dwt, 'Zorina' is under charter and operating in normal condition.

The proposed acquisition and disposal are not inter-conditional.

($1.00=US$0.13)