Jinhui Shipping sells another supramax

Jinhui Shipping sells another supramax

Chinese dry bulk owner Jinhui Shipping and Transportation has announced the sale of 2001-built supramax Jin Li for $8.61m.

The buyer is compatriot company Zhejiang Fuxing Shipping, with delivery of the Hong Kong flagged vessel scheduled before the end of the month.

MSI FMV puts the current fair market value of the vessel at $8.9m.

Last week, Jinhui sold another 2001-built supramax, the Jin Fu, to Xiangshan Xingning Shipping for $8.35m.

Upon completion of the two sales, Jinhui’s fleet consist of two post-panamaxes and nineteen supramaxes.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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