Chinese cape specialist Winning International Group, headquartered in Singapore, has secured a third ship deal in 2023. The Winning International Group is a multifaceted conglomerate with operations in mining development, ship management, shipping operations, maritime transhipment, and railway construction.
The Sun Xiushun-led consortium has emerged as the highest bidder for the 16-year-old Japanese-controlled capesize Atlantic Tiger, a 180,000 DWT Imabari-built vessel. The ship sold for $16.5 million.
Winning owns and operates around 100 vessels, including 40 Capesize bulk carriers with a total capacity of 7.56 million DWT. Winning presently has 40 capes in its fleet, focusing on the West Africa-China tradeline.
Winning International Group joined China's Weiqiao Group, China's Yantai Port Group of Shandong Port Group, and France's UMS to form "The SMB-Winning Consortium". It began bauxite development in Guinea in 2014. Currently, the output has reached 50 million tonnes. In just several years, the Consortium became the largest bauxite producer in Guinea, with an accumulated production and export of more than 200 million tons, supplying nearly 50% of China's bauxite imports. With our efforts, Guinea is now the world's largest exporter of bauxite and China's largest supplier of bauxite. However, in 2019 it also initiated the construction of the first modern railway in Guinea in nearly half a century.
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