Singapore’s Winning Shipping is staying active in the secondhand market with the acquisition of a newcastlemax bulker from Ocean Yield.

It bought the Qingdao Yangfan-built, 206,300-dwt Mineral Qingdao (built 2020) for around $54.5m, according to sale-and-purchase brokers.

Shipping players familiar with Winning said it is the first secondhand vessel it has acquired in 2024.