A $50m capesize deal done by Chinese heavyweight Winning Shipping has come to light. Sources confirm to Splash that the Singapore-based capesize specialist has added two more vessels to its fleet.
Winning is in expansion mode, and its site is advertising for more staff so its no surprise it has added the 203,000 dwt twins Mineral Nippon (built 2007) and Rubena N (built 2006) from Grace Ocean.
Winning’s site gives the following update: “We have an active plan to purchase more vessels in the future. Now the cape fleet counts 31 ships.”
Winning Shipping can trace its history back to 2002 when its CEO, Sun Xiushun set up the outfit in Hong Kong to support China’s alumina industry. A year later, Winning Shipping chartered a fleet of vessels and in 2007 it added its first ship.
Bauxite shipping and doing business with Africa is one of the main drivers behind Winning’s recent success, adding 17 ships since the start of 2016. Its first bauxite shipment loading was completed three years ago.