Corporate digest

Courage Marine Group

DRY bulk carrier owner Courage Marine said it has entered into a memorandum of understanding to possibly buy 70 per cent of Hope View International. The target company, as represented by the vendors, indirectly owns a China company that provides logistics and customs clearance services among others.

"The MOU is non-legally binding save for the provisions relating to due diligence, exclusivity, confidentiality, costs, notices and governing law and jurisdiction," Courage Marine said, adding: "The possible acquisition is subject to the execution and delivery of a legally binding definitive sale and purchase agreement."