Dry CargoGreater China

Jinhui Shipping ships out veteran supramax for $8m

Photo of Adis Ajdin Adis AjdinSeptember 20, 2023
384 Less than a minute
Jinhui Holdings

Chinese bulker operator Jinhui Shipping and Transportation has sold its 2004-built supramax Jin Feng to Singapore’s ETL Shipping.

The Oslo- and Hong Kong-listed company is offloading the 52,700 dwt ship, VesselsValue estimates as worth $10.25m for around $8.1m.

The Oshima-built vessel, which Jinhui purchased for $10.8m as Tai Hawk in 2021, will change hands between October 25 and November 15 this year.

The owner of currently 24 bulkers, most of which are supramaxes, said it intends to keep all net sale proceeds received as general working capital.

Photo of Adis Ajdin Adis AjdinSeptember 20, 2023
384 Less than a minute
Photo of Adis Ajdin

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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