Dry CargoGreater China
Jinhui Shipping buys supramax from Blue Planet Shipping
Chinese bulk carrier operator Jinhui Shipping and Transportation has announced the acquisition of 2004-built 53,806 dwt supramax bulker Avra from Sea Venture Navigation, a unit of Greek owner Blue Planet Shipping.
The Chinese-built vessel was sold for a price of $7.275m, significantly higher than VesselsValue’s valuation of $4.62m and MSI fair market value of $4.9m.
Jinhui Shipping said that management considers the purchase price highly attractive and expects the ship to generate a steady stream of income for the company.
Jinhui currently owns 18 bulkers made up of 16 supramaxes and two post-panamaxes.