Chinese bulker owner Jinhui Shipping and Transportation has announced the sale of 75,583 dwt panamax bulker Jin Rui for $10.6m.
The 2009-built vessel is scheduled for delivery to the new owner, Marshall Islands-incorporated Hanse Shipping Co., between October 10 and November 30.
Junhui said that around 80% of the proceeds will be used to repay the vessel’s loan and the remainder for the general working capital of the group.
This latest sale follows the disposal of 2011-built panamax bulker Jin Chao last week for $12.8m.
Last month Jinhui Shipping sold two supramax vessels, Jin Han and Jin Ming, to Tufton Oceanic for a total of $28.5m. It also sold handymax bulker Jin Bi last month to Greek company Gelico Shipping for $3.5m.