Courage Marine has sold another bulker for scrap at a $2.23m loss.

The 67,000 dwt Panamax Leader has been sold to Maritime Delivery for $3.86m. Courage booked a loss of $2.23m on the disposal of the vessel.

Despite the loss Courage said: “The directors consider that the Consideration to be attractive in the current market condition.

“The disposal is for demolition and this provides a good opportunity for the group to generate cash which is intended to be used for general working capital and for funding any future acquisition of further vessels when suitable opportunities arise,” the company added.

(Source:seatrade asia online)