Courage Marine Group Limited provided earnings guidance for the financial year ended December 31, 2014. The company expects to record a greater net loss attributable to equity holders of the Company for the financial year ended December 31, 2014 as compared to financial year ended December 31, 2013. Based on the information currently available to the company, the Board believes that the expected loss was mainly attributable to low turnover, low freight and low utilisation rate, and the continuing challenging operating environment for cargo shipment.