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 Plant 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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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