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Vintage cape sales are dominating S&P headlines. One Chinese company stands out in the segment: China’s Winning Shipping, the world’s largest bauxite shipping company. Sources tell Splash that the active outfit is currently in the market for more tonnage and has just purchased the 2007 Imabari-built, 180,000 dwt Cape Unity for just over $22m—its first reported purchase this year. The ship has been sold by Daiwa Kisen.
Winning’s previous move was the acquisition of the 2008 Japanese-built, 207,900 dwt Sikamia from Minerva Marine in September—a vessel it recently renamed Sunny River. With that purchase, Winning breached the 10m dwt mark. The outfit now owns more than 50 capes and controls over 100 vessels.
In 2014, Winning formed the SMB-Winning Consortium in collaboration with partners such as China Hongqiao Group Limited, Yantai Port Group, and UMS Guinea. This consortium has played a major role in making Guinea one of the world’s leading exporters of bauxite.
The post Winning buys its first cape of the year appeared first on Energy News Beat.
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