Jinhui Shipping sells bulker to Gelico Shipping

Jinhui Shipping sells bulker to Gelico Shipping

Oslo-listed Jinhui Shipping has entered into an agreement with Greek company Gelico Shipping to sell handymax bulker Jin Bi for $3.5m.

The Hong Kong-registered vessel will be delivered between September 20 and October 26.

Jinhui Shipping said the directors continuously review market conditions and adjust the group’s fleet profile, and believe that the disposal will enable the group to enhance it working capital position and strengthen its liquidity.

Jinhui Shipping reported a net loss of $39.14m for the first half of 2016.

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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