Sunday, July 02, 2006

Stock News: Courage Marine sold vessel for 2.58 mln usd!

Shipping firm Courage Marine Group Ltd said its unit New Hope Marine SA has sold off its vessel, MV New Hope II, for scrap in Chittagong, Bangladesh for 2.59 mln usd. "The group will use the proceeds obtained for working capital and/or other acquisitions, depending on the market conditions and the opportunities available," it said in a disclosure to the Singapore Exchange.

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