Courage Marine has sold a 16-year-old panamax bulk carrier for scrap via GMS. A company representative confirmed the sale.

This leaves the company with two less than five-year-old supramax bulkers.

Courage Marine from Taiwan used to have a large fleet of bulkers in all sizes. In October Hsu Chih-Chien and Wu Chao-Huan sold their 27.47% equity share of Courage Marine to Success United Development, controlled by Suen Cho Hung, and then the pair left the company.