Winning Shipping in deal with Cargill, Bunge to move bauxite on Capesize: sources

Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.

Cargill and Bunge will each move four 190,000-mt cargoes over 2015 starting on March, loading from the port of Cabo Rojo and discharging at Qingdao, at $16.45/mt and $16.50/mt respectively, the sources added.

Since Indonesia implemented a ban on mineral exports January 2014, China has been importing bauxite from other countries, a shipowner source said. China started importing bauxite from the Dominican Republic in October 2013.

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