Dry CargoGreater China

Winning in for a Japanese newcastlemax

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.

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.

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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