One of the year's most aggressive capesize buyers is back in the market after a summer break.

China-based Winning has taken its seventh cape in seven months, according to sources. The Singapore-headquartered firm started beefing up its fleet in February.

The active bauxite shipper has paid US$10.4m for the Japanese-built newcastlemax Shin Heiryu. The 13-year-old ship was owned by Nippon Yusen Kaisha (NYK).

The purchase is Winning's first reported move in the S&P market since the end of May.

Winning has had a preference for Japanese-built capes, and this will be the fifth Japanese cape it has bagged this year.