Taiwan's Courage Marine has entered into an agreement with Universal Ship Investment to sell 57,000dwt supramax bulker MV Zorina.

The sale price of the vessel is US$7.35m and it is expected to be delivered to the buyer before May 31, 2017.

Courage Marine said it will book a loss of about US$114,000 on the disposal. The company intends to use the net proceeds from the disposal to repay the bank loan secured by the vessel.