Courage Marine Group Ltd   (HKG:1145)      Price: 0.36     Change: 0.00 0.00%    ---     11/29/2012 11:27pm ET
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Price: 0.36
Change: 0.00 0.00%    ---
Open: 0.36
High: 0.36
Low: 0.36
Vol: 24,000   

Market Cap: 381.2M
P/E: N/A
52wk Range: 0.203 - 0.70
EPS: N/A
Financial brief
For the nine months ended 30 September 2010, Courage Marine Group Limited's revenues totaled $37.6M, up from $16.61M. Net income totaled $9M vs. a loss of $2.8M. Revenues reflect an increase in income due to recovery in dry bulk rates, as well as the fleet utilization. Net income reflects lower finance cost due to lower bank borrowings, the presence of gross profit vs. a gross loss, lower depreciation and amortization charges.
Related news More...
Courage Marine (HKG:1145) sells vessel at $17.42M loss   9/24/2012
Courage Marine Group Limited (HKG:1145) announced that on 24 September 2012, Panamax Leader, an indirect wholly-owned subsidiary of the company, entered into the MOA with Maritime in relation to the disposal of a vessel, M/V Panamax Leader, for a total cash consideration of US$3.864 million (HK$30.14 million). M/V Panamax Leader is a Panamax vessel with carr...
Courage Marine (HKG:1145) 1H NL US$9.88M; no div   8/15/2012
Results of Courage Marine Group Limited (HKG:1145) for the first 6 months ended 30 June 2012: Net loss: US$9.882M (US$9.87M net loss for previous same-period)LPS: US0.93 centInterim dividend: nil...
Courage Marine (HKG:1145) to buy capesize vessel at $51.87M   8/7/2012
Courage Marine Group (HKG:1145) announced that it signed a memorandum of agreement today with independent third-party China Partners Shipping Limited to acquire from China Partners Shipping the vessel, MV China Act, at US$6.65 million (HK$51.87 million), which will be funded by internal resources. MV China Act is a capesize vessel with carrying capacity of 1...
Courage Marine (HKG:1145) to change Singapore inv MOU terms   8/1/2012
Courage Marine Group Limited (HKG:1145) announced that in relation to the investment in a joint venture company for property development in Singapore, the company expected a substantial change in the conditions of the memorandum of understanding (MOU). The company pointed that the Singapore Exchange Securities Trading Limited has informed the company that a ...
Courage Marine (HKG:1145) sees 1H result in red   7/31/2012
Courage Marine Group Limited (HKG:1145) announced that the company expects to record a greater net loss attributable to equity holders of the company for the six months ended 30 June 2012 as compared to the three months ended 31 March 2012. The board believed that the expected loss was mainly attributable to the cumulative losses on disposal of vessels arisi...
Courage Marine (HKG:1145) form JV for S'pore ppt project   7/16/2012
Courage Marine Group Limited (HKG:1145) announced that it agreed to from a JV Company, Santarli Venture Pte Ltd, with Santarli Corp., Excel Precast and Chan Thiam Seng for the development of the land situated in Singapore. Courage Marine will hold 10% equity interest in JV Company and will make a total capital contribution of S$5.5 million (US$4.345 million)...
Courage Marine (HKG:1145) sees $14M loss from vessel sale   6/14/2012
Courage Marine Group (HKG:1145) announced that it signed a memorandum of agreement for the disposal of M/V Courage, a Panamax vessel with carrying capacity of approximately 67,000 dwt, for US$4.34 million (HK$33.851 million) and expected US$1.789 million (HK$13.951 million) loss on the disposal. The US$4.231 million (HK$33.005 million) net proceeds of the di...
Courage Marine (HKG:1145) sees $14M loss from vessel sale   6/14/2012
Courage Marine Group (HKG:1145) announced that it signed a memorandum of agreement for the disposal of M/V Courage, a Panamax vessel with carrying capacity of approximately 67,000 dwt, for US$4.34 million (HK$33.851 million) and expected US$1.789 million (HK$13.951 million) loss on the disposal. The US$4.231 million (HK$33.005 million) net proceeds of the di...
Courage Marine (HKG:1145) forms JV to acquire Shanghai ppt   5/21/2012
Courage Marine (HKG:1145) announced that it has formed a JV company with Pure Casual Inc., a company controlled by Jason Chang, and the JV company has entered into a property transfer agreement with Pure Casual, pursuant to which the JV Company shall acquire from Pure Casual a property in Shanghai at a consideration to be based on an independent valuation of...
Courage Marine (HKG:1145) forms JV to acquire Shanghai ppt   5/21/2012
Courage Marine (HKG:1145) announced that it has formed a JV company with Pure Casual Inc., a company controlled by Jason Chang, and the JV company has entered into a property transfer agreement with Pure Casual, pursuant to which the JV Company shall acquire from Pure Casual a property in Shanghai at a consideration to be based on an independent valuation of...
Summary
Courage Marine Group Limited is an investment holding company. The Company is a dry bulk shipping Company. It owns and operates nine bulk carriers, deployed around Greater China, Japan, Russia, Vietnam, Indonesia, Bangladesh, and elsewhere in Asia. The vessels, totaling 580,000 deadweight tons, transport dry bulk commodities, such as coal, sea sand, gravel, cement, clinker, iron ore, minerals and wood chips. Its Fleet is wholly owned by the Company. Its fleet consists of two Handysize, two Handymax, four Panamax and one Capesize dry bulk carriers, with a total tonnage of approximately 580,000 deadweight. The Company’s operating activities are attributable to a single operating segment focusing on provision of marine transportation service. During the year ended December 31, 2010, it disposed two vessels, MV Cape Ore and MV Jeannie III, and acquired two other vessels, MV Panamax Leader and MV Cape Warrior. In June 2012, it announced the incorporation of PT. Courage Tech-Logi Indonesia.
Contact
Unit 1, 18F, West Tower,Shun Tak
168-200 Connaught Road Central,
Website
www.couragemarine.com
Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed.
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