The dual listing prospect has not helped Courage Marine's share price which has settled at 16.5 cents today. TheĀ Group expects to report a loss for 1Q11, mainly due to low fleet utilization, sharp drop in BDI and the Japanese quakes, tsunami and nuclear power plant disaster that had temporarily halted the shipment of cargo to and from Japan.
When the macro picture for the industry is not bright, usually no one does well.