AsiaDry Cargo

Winning adds two more capes

Singapore-based Winning is about to snap up another two capesize vessels, sources tell Splash. This time the Chinese firm is close to seal a deal for two five-year-old capes, the 179,000 dwt Dong-A Ether and its sister ship, Dong-A Leto for around  $22.5m each.

The active capesize specialist has purchased four other capes earlier this year. The seller of the two ships is South Korea’s Dong-A Tanker, which has already sold one small tanker this year.

A Winning spokesperson told Splash it was too early to discuss the latest deal.

Brokers describe Winning as one of the most acquisitive cape owners at the moment, keen to boost its bauxite business from Africa to China. Further purchases are likely soon.

Last month Winning bought two other capesizes, Lyla and Unique Brilliance.

 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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