Winning adds another cape

Winning adds another cape

Winning Shipping’s extraordinary expansion continues briskly into 2017. One of the top five dry bulk buyers in 2016, the Singapore-based Chinese owner is now linked to another bargain Japanese capesize. Brokers report Winning has snapped up the 2002-built Portage from Cargill for just $8.5m.

Last month the company bought en bloc a brace of younger capes belonging to South Korea’s Dong-A Tanker for $44.6m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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