Jinhui Shipping sells third supramax in three weeks

Jinhui Shipping sells third supramax in three weeks

Chinese dry bulk owner Jinhui Shipping and Transportation has sold 2003-built supramax Jin Cheng to Anhui Zhonglian Shipping for $8.7m.

The sale is the third in three weeks for Jinhui, having sold 2001-built supramax Jin Li last week and 2001-built supramax Jin Fu the week before.

MSI FMV puts the current fair market value of the Jin Cheng at $10.3m, having risen from just $5.4m two years ago.

Delivery of the Hong Kong flagged vessel is scheduled to take place by Sunday.

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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1 Comment

  1. Panagos D Pateras
    August 4, 2018 at 9:14 am

    With regard to MSI’s future value dots (if this what they represent. how can it say that it will be a flat for 2019 & 2020 when we know that the Chinese Owners will not buy these vessel’s anymore to place them under Chinese flag after new regulations that just took place as we go forward the presure these vessel’s will face due to BWTS and scubber rules…. in the first slight drop of the market these are the vessel’s will go for demolition. Humble opinion only.