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.