Winning Shipping’s huge investment in second-hand capesize tonnage has seen it emerge as the dominant player in the expanding bauxite trade from Guinea to China.
Winning has bought 16 bulkers in the past 12 months, spending $260.7m on capesize tonnage – accounting for over 10% of sale-and-purchase activity in the sector, according to data from VesselsValue.
Its expansion has coincided with major growth in bauxite shipments from Port Kamsar, which has been upgraded to accommodate capesize vessels with support from UAE investors.
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