China's shipping firm Winning Shipping has reached an agreement to buy a 180,200dwt Capesize vessel, the Yuritamou, according to data provided by VesselsValue.

The company is buying the second-hand vessel from Japan-based Doun Kisen for a price of US$23m.

The Capesize was constructed at Japanese Imabari Shipbuilding and handed over to its owner in January 2007.

VesselsValue data shows that the 289-meter-long ship has a market value of US$21.2m.

The Panama-flagged bulker will become a part of Winning Shipping's current fleet of over 30 bulk carriers with a total size of more than 5.3 million dwt.