Courage Marine is buying a 149,000-dwt capesize bulker Dong-A Saturn from Dong-A Tanker Corporation for $7.5m with delivery expected between 8-28 February.
Courage Marine has been in the process of renewing its fleet and the company had previously completed the disposal of old vessels and the proceeds were intended for the acquisition of newer vessels when the right opportunity arose.
"The company considers that the current market situation is suitable for it to acquire a newer vessel to strengthen its fleet," Courage Marine said in a stock market announcement.