Winning takes $10.4m newcastlemax

Winning takes $10.4m newcastlemax

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.

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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