Shareholders of Taiwan based but Singapore listed Courage Marine have been warned that the company incurred a loss through the first quarter and they should be cautious in dealings in the company stock.

The result is not due to be announced before the middle of May but company directors today issued what they called a profit warning, but more accurately could be called a warning that there will be a loss.

Courage Marine chairman Hsu Chih_Chien
Utilisation of the Courage fleet was low through the first quarter with the impact compounded by low rates when the vessels were employed.

Courage