Winning Shipping takes cape pair

Winning Shipping takes cape pair

Proof that dry bulk is on an up tick can be seen in recent secondhand deals. South Korea’s Dong-A Tanker has just sold a pair of capesizes for what Clarkson Research describes as a “firm” en bloc price of $44.6m to acquisitive Winning Shipping. The Dong-A Leto and Dong-A Ether were built in 2010 and 2011 respectively.

Clarkson Research reports that the pair were originally committed in December in a KS structure deal, which ultimately failed to materialise.

China’s Winning Shipping, which is headquartered in Singapore, was one of the top 10 largest bulker buyers for 2016.

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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