Jinhui terminates agreement to acquire Chartworld supramax

Jinhui terminates agreement to acquire Chartworld supramax

Chinese dry bulk owner Jinhui Shipping and Transportation has terminated an agreement with Greek owner Chartworld Shipping to acquire 2002-built supramax Aifanourios.

Jinhui agreed to acquire two supramaxes from Chartworld in April, but terminated the Aifanourios acquisition due to a delay in the delivery of the vessel.

The company had agreed to pay paying $5.75m for the 2001-built Aigeorgis and $6.25m for 2002-built Aifanourios. It has now been refunded the $625k deposit paid on the Aifanourios.

With the Aigeorgis now delivered, Jinhui owns nineteen vessels made up of two post-panamax bulkers and 17 supramaxes.

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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