China-focused newbuilding broking firm Winmar is set to wind down, TradeWinds understands.
The Oslo-based firm has been scaling down its activities since owner Even Winje was hired by shipbroker Galbraith's to work at its offices in the Norwegian capital.
Winmar has conducted as many as 40 newbuilding deals for shipowner John Fredriksen. Winje will continue to deal with Fredriksen as a partner in Galbraith's.