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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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