One of the year’s most aggressive capesize buyers is back in the market after a summer break.
China’s Winning has taken its seventh cape in seven months, sources tell Splash. The Singapore-headquartered firm started beefing up its fleet in February.
The active bauxite shipper has paid $10.4m for the Japanese-built newcastlemax Shin Heiryu. The 13-year-old ship was owned by Nippon Yusen Kaisha (NYK).
The purchase is Winning’s first reported move in the S&P market since the end of May.
Winning has had a preference for Japanese-built capes, and this will be the fifth Japanese cape it has bagged this year.