It’s full speed ahead in bulk S&P market with a string of old-timers back in the market, pushing up activity.
Sources tell Splash that Chinese conglomerate Winning International Group and its shipowning arm are back in the secondhand market, adding a ship in its favourite segment. Broking sources link the Singapore-headquartered cape player to the purchase of the 229,200 dwt Namura-built newcastlemax, Sakura. The 11-year-old ship has been sold by Japanese bulker owner Kitaura Kaiun for around $22m.
. The 11-year-old ship has been sold by Japanese bulker owner Kitaura Kaiun for around $22m.Winning’s West Africa to China trade has been booming for a number of years with the Winning fleet now counting 39 vessels comprising 38 capesizes and one post-panamax.
