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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. http://splash247.com/winning-takes-10-4m-newcastlemax/
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