China’s Winking Shipping has purchased its second newcastlemax， acquiring the 14-year-old， Imabari-built， 206，300 dwt HL Saijo for just under $38m on bareboat hire purchase terms from Japan’s Doun Kisen.

The deal marks one of several capes added by Winking Shipping in recent years. The company’s most modern vessels are in the ultramax segment， with five ships built at COSCO Zhoushan Shipping Heavy Industry. Three were delivered in 2023 and 2024， while two IMO Tier III-compliant vessels are expected in 2027.

According to its website， Winking Shipping’s fleet is now around 1.2m dwt with 15 bulkers to its name and aims to reach 20 ships soon. The company has offices in Rizhao， Hong Kong， Singapore， and Adelaide.