Singapore-based shipowner and operator Winning Shipping (Winning International Group), a Chinese company specializing in capesize bulk carriers, has expanded its fleet with the addition of another newcastlemax bulk carrier. Sun Xiushun-led bulk carrier behemoth Winning Shipping (Winning International Group) recently acquired 2005 built newcastlemax bulk carrier MV Sunny Mamou (ex MV Star Venture) from Lou and George Kollakis-led Chartworld Shipping. MV Sunny Mamou (ex MV Star Venture) is set to join Winning Shipping’s (Winning International Group’s) fleet, transporting bauxite from West Africa (WAFR) to China. In a recent expansion move in August 2023, Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) also acquired the 229K DWT newcastlemax bulk carrier Imabari-built MV Winning Wealth (ex MV Bao) An from Imabari-based shipowner Seno Kisen. These acquisitions have increased the Winning Shipping’s (Winning International Group’s) newcastlemax fleet to 15 vessels. Singapore-based shipowner and operator Winning Shipping (Winning International Group) last made news in September 2023 for placing an order at the CSSC yard Qingdao Beihai. This order was for a pair of large bulk carriers, each with a capacity of 325K DWT, known as WinningMax VLOCs (very large ore carriers). These WinningMax VLOCs (very large ore carriers) are intended to enhance the Winning Shipping’s (Winning International Group’s) maritime trade route from West Africa to China. 13-November-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) has commissioned the prestigious CSSC yard Qingdao Beihai Shipbuilding to engineer two (2) VLOCs (very large ore carriers). Winning Shipping’s (Winning International Group) new VLOCs (very large ore carriers) will streamline their maritime trade route from West Africa to China. WinningMax VLOCs (very large ore carriers), with a formidable 325K DWT and endorsed by both the China Classification Society and DNV. Winning Shipping’s (Winning International Group) new WinningMax VLOCs (very large ore carriers) boast a readiness for methanol, and are crafted to comply with the stringent EEDI Phase 3 criteria. In contrast to conventional capesize bulk carriers, Winning Shipping’s (Winning International Group) new WinningMax VLOCs (very large ore carriers) is projected to curtail energy expenditure per tonne by a staggering 50%. Boasting an imposing fleet, Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) possesses one of the most expansive bulk carrier fleets in Singapore, numbering over 40 ships. Presently, Winning Shipping (Winning International Group) claims the title of the globe’s preeminent bauxite transport enterprise. Winning Shipping’s (Winning International Group) primary engagement revolves around bauxite cultivation in Guinea, with a staggering annual dispatch exceeding 50 million tons. In the initial septet of months of 2023, global seaborne minor ore exports witnessed a 7% ascendancy year-over-year, propelled by the insatiable appetite of the Chinese market. This is according to the estimations of BIMCO (Baltic and International Maritime Council) Remarkably, bauxite exports – the sole minor ore transported via capesize bulk carriers and an indispensable mineral for aluminium fabrication – contributed to this growth, showing a 9% surge. Chinese aluminium output has seen a meteoric rise. Astonishingly, nearly four-fifths of all seaborne bauxite consignments are now China-bound. With the Indonesian embargo coming into effect in June, Guinean exports have progressively taken the mantle, showing a 26% year-over-year surge in July. Additionally, Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) plays a pivotal role in the Simandou iron ore initiative, nestled in the Simandou mountainous region in southeastern Guinea, which houses one of the globe’s most prodigious untapped high-grade iron ore reserves. The northern echelon of this mining expanse is the dominion of Winning Consortium Simandou (WCS), spearheaded by Winning Shipping (Winning International Group). In contrast, the southern segment is under the stewardship of Simfer, orchestrated by the Anglo-Australian magnate Rio Tinto. In the preceding annum, Winning Consortium Simandou (WCS) alongside Rio Tinto Simfer consented to inaugurate the construction of a sprawling 650 km railway, a profound water port, coupled with ancillary infrastructure requisite for mining ventures, aiming to initiate production come 2025. Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) envisions curating fleet of VLOCs (very large ore carriers) in the imminent future, dedicated to the maritime transit of both bauxite and iron ore from Guinea. Furthermore, the Winning Shipping (Winning International Group) intends to bolster its investment in eco-friendly fleets, echoing its unwavering commitment to sustainable progress. Currently, Winning Shipping (Winning International Group) is one of the largest capesize shipowners with a fleet of 40 large dry bulk carriers. 14-September-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping (Winning International Group) has successfully finalized its third ship transaction in 2023. Winning Shipping (Winning International Group) emerged as the highest bidder for the MV Atlantic Tiger, a 16-year-old capesize bulk carrier under Japanese control. 2007 built capesize bulk carrier 180K DWT MV Atlantic Tiger was built by Imabari Shipyard, was acquired for around $16.5 million. During the Ebola epidemic of 2014, Singapore-based Chinese capesize bulk carrier specialist Winning Shipping (Winning International Group) defied the prevailing currents and ventured into Guinea, West Africa. There, the Winning Shipping (Winning International Group) initiated bauxite projects, developed ports in Guinea, and established maritime logistics channels, cementing the company’s position as the most active player in the capesize sector within the region. This significant endeavor led Guinea to become the world’s foremost exporter of bauxite and China’s primary bauxite supplier. Additionally, in 2019, Sun Xiushun-led Winning Shipping (Winning International Group) spearheaded the construction of Guinea’s first modern railway in nearly half a century. Currently, Winning Shipping (Winning International Group) is one of the largest capesize shipowners with a fleet of 40 large dry bulk carriers. 20-June-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping sold 2001 built capesize bulk carrier 171K DWT MV Sunny Voyager for demolition in Bangladesh at $610 per LDT (Light Displacement Tonnage), or $13.8 million. Winning International Group’s ship-owning arm Winning Shipping sold one of the company’s vintage capesize bulk carrier MV Sunny Voyager to a cash buyer scrapyard in Chattogram. 2001 built capesize bulk carrier 171K DWT MV Sunny Voyager is one of three (3) ships that S&P (Sale and Purchase) shipbrokers have reported as being sold to a Bangladeshi scrapyard over the past week. On the other hand, scrapyards in India and Pakistan sat on the sidelines and held off buying any demolition vessel. Currently, Sun Xiushun-led Winning Shipping is one of the great capesize shipowners with a fleet of 39 large dry bulk carriers. 22-March-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping acquired 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar from Kitaura Kaiun. Singapore-based shipowner and operator Winning Shipping is part of Winning International Group. 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar was trading in the NYK fleet. Singapore-based shipowner and operator Winning Shipping paid around $19.5 million for 2008 built capesize bulk carrier 180K DWT MV Ocean Caesar. Robust activity in the capesize S&P (sale-and-purchase) market resumes ahead of anticipated capesize shippin market revival. Winning Shipping is one of the great capesize shipowners with a fleet of 40 large dry bulk carriers. 26-February-2023
Singapore-based Chinese-backed shipowner and operator Winning Shipping acquired 2002 built capesize bulk carrier 185K DWT MV Shinyo Challenger from Shinyo International for around $12 million. Sun Xiushun-led Winning International Group’s dry bulk shipping arm Winning Shipping has been expanding the company’s fleet through agreements in the new building and secondhand S&P (Sale and Purchase) markets. Winning Shipping ordered two (2) newcastlemax bulk carrier new buildings at Nantong Cosco KHI Ship Engineering (NACKS). Nantong Cosco KHI Ship Engineering (NACKS) is a joint venture between China’s Cosco Shipping and Japan’s Kawasaki Heavy Industries (KHI). Singapore-based shipowner and operator Winning Shipping will take the delivery of the first newcastlemax bulk carrier new building in Q4 2019 and the second newcastlemax bulk carrier new building in Q1 2020. Winning International Group’s dry bulk shipping arm Winning Shipping commenced working with Nantong Cosco KHI Ship Engineering (NACKS) in 2000 when Winning Shipping ordered two (2) 58K DWT supramax bulk carrier new buildings. Later on, Winning Shipping ordered two (2) newcastlemax bulk carrier new buildings at Nantong Cosco KHI Ship Engineering (NACKS). 2002 built capesize bulk carrier 185K DWT MV Shinyo Challenger will replace 1995 built capesize bulk carrier 185K DWT MV Winning Brother after MV Winning Brother was sold for demolition in 2018. Meanwhile, capesize market players expressed that Singapore-based Chinese-backed shipowner and operator Winning Shipping has shown interest in large bulk carrier newbuildings. Winning International Group’s dry bulk shipping arm Winning Shipping has approached shipyards under the control of China State Shipbuilding Corp (CSSC) and China Industry Shipbuilding Co, in addition to privately-owned shipyards for four (4) large bulk carrier newbuildings. Sun Xiushun-led Winning International Group was founded in 2002. Sun Xiushun was previously working at Cosco Qingdao. Winning International Group’s dry bulk shipping arm Winning Shipping started as a trader and ship operator in Qingdao. Winning Shipping established offices in Hong Kong and Singapore. Winning Shipping’s main shipping activity is transporting bauxite from West Africa to China. Sun Xiushun-led Winning International Group entered shipowning in 2007 with the acquisition of second-hand capesize bulk carriers. Winning International Group’s dry bulk shipping arm Winning Shipping acquired 39 capesize bulk carriers and two (2) panamax capesize bulk carriers in 10 years. Currently, Singapore-based Chinese-backed shipowner and operator Winning Shipping has a fleet of 32 capesize bulk carriers, two (2) supramax capesize bulk carriers, and one (1) post-panamax capesize bulk carrier. 1-May-2019
Singapore based shipowner and operator Winning Shipping 1995 built capesize dry bulk carrier 185K DWT MV Winning Brother (ex MV Noni M) for scrap in Bangladesh. Singapore based shipowner and operator Winning Shipping has 32 capesize dry bulk carriers in its fleet and MV Winning Brother (ex MV Noni M) was the oldest in the fleet. In 2012, Singapore based shipowner and operator Winning Shipping bought MV Winning Brother (ex MV Noni M) from Greek shipowner Transmed for $10.5 million. Winning Shipping second oldest capesize dry bulk carrier in its fleet is 1999 built 173K DWT MV Winning Joy. 21-August-2018
Dry bulk shipowner and operator Winning Shipping bought a 2007 Japanese built capesize dry bulk carrier 180K DWT M/V Yuritamou for $23 million from Japanese shipowner Doun Kisen. Dry bulk shipowner and operator Winning Shipping is one of the great capesize shipowners with a fleet of 31 dry bulk carriers. 20-April-2017
Winning Shipping, dry bulk shipowner and operator based in Singapore, bought cape size dry bulk carrier Japanese 2014 built 181K DWT M/V Winning Nature (ex M/V Aquarius Dream) for $28 million from MOL (Mitsui O.S.K. Lines). Dry bulk carrier owner and operator Winning Shipping also bought two weeks ago 2011 built cape size dry bulk carrier 179K DWT M/V Hanjin Matsuyama from Japanese owner Kumiai Senpaku for $22.75 million. Last month, dry bulk carrier owner and operator Winning Shipping also bought 2003 built cape size dry bulk carrier 203K DWT M/V Shin Heiryu from NYK for $10.5 million. Winning Shipping has a fleet of 21 dry bulk carriers. 6-October-2016
Korean Hyundai Merchant Marine (HMM) sold Korean Sungdong Shipyard 2011 built capesize bulk carrier 180K DWT M/V Hyundai Trust to Singapore based shipowner Winning Shipping for $22 million. 29-April-2016
Sales prices for two modern cape-size bulkers shows the recent freefall in bulker values. Cape size bulker M/V Spring Zephyr 180,000 DWT (built 2010) was sold to Carval for $21m. Another modern cape size bulker M/V Golden Hope 176,000 DWT (built 2009) has been sold to expanding Singapore owner Winning Shipping for $19.3m. Sale and Purchase (S&P) Brokers say the capesize sales signal that something of a floor may have been reached on prices for this category. 21-February-2016