Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has continued its fleet renewal and asset optimization strategy by selling another ageing supramax bulk carrier, further underlining its long-term focus on efficiency, liquidity, and modernization within the dry bulk sector.Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited announced the sale of its 2012-built supramax bulk carrier MV Jin Mao, with a deadweight of 56,000 DWT, for around $13 million to Chinese shipowner and operator New United Marine Co. Ltd. The supramax bulk carrier MV Jin Mao was constructed at Jiangsu Hantong Ship Heavy Industry and will be handed over free of charter upon delivery, according to a statement from Jinhui Shipping and Transportation Limited. The transaction forms part of the company’s disciplined capital recycling policy and commitment to gradually replace older, less efficient tonnage with modern, eco-design ships better suited to current environmental and operational requirements.Jinhui Shipping and Transportation Limited purchased the supramax bulk carrier MV Jin Mao in 2022 from South Korea-based diversified shipowner and operator Kmarin Group for approximately $16.5 million, when the ship was known as MV Pacific Crown. As of the end of September, the supramax bulk carrier MV Jin Mao carried an unaudited net book value of about $13.3 million, implying that the sale will result in a small accounting loss of roughly $0.2 million. The proceeds from the disposal will be used primarily to reduce short-term borrowings, settle outstanding payables, and strengthen cash reserves. The sale is expected to improve the group’s balance sheet position and reduce interest expenses, allowing Jinhui Shipping and Transportation Limited to maintain a more flexible financial structure in anticipation of future investment opportunities.Founded in the 1980s, Jinhui Shipping and Transportation Limited has grown into one of Hong Kong’s most established publicly listed shipowning groups, with over three decades of experience in dry bulk operations. The company is primarily engaged in the ownership and chartering of dry bulk ships, transporting key commodities such as iron ore, coal, grain, and minor bulks across global trade routes. Headquartered in Hong Kong and incorporated in Bermuda, Jinhui Shipping and Transportation Limited is dual-listed on the Oslo Stock Exchange and the Hong Kong Stock Exchange, providing it with a strong international shareholder base and access to multiple capital markets.Over the past several years, Jinhui Shipping and Transportation Limited has been undergoing a strategic fleet renewal program designed to enhance operating efficiency, lower average fleet age, and comply with tightening IMO decarbonization and environmental regulations. This long-term approach has seen the shipowner divest older supramax bulk carriers and replace them with modern eco-ships featuring advanced hull designs and optimized fuel consumption. Earlier this year, Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited reinforced its commitment to modernization by investing approximately $99 million in three ultramax bulk carrier newbuildings at Jiangmen Nanyang Ship Engineering, scheduled for delivery in 2026 and 2027. The move marked a continuation of the company’s focus on younger, more efficient ships with lower carbon footprints, aligning with global sustainability goals and ensuring stronger charter market competitiveness.Jinhui Shipping and Transportation Limited currently operates a mixed fleet of 29 ships, consisting of 21 owned ships and eight chartered-in ships, representing an aggregate carrying capacity of approximately 2.2 million DWT. Among these, two owned ships are under sale and leaseback arrangements, while one vessel is classified as held for sale. The fleet includes mainly supramax and ultramax bulk carriers, with a balanced chartering mix between spot exposure and period employment to optimize returns in different freight environments. The company’s management maintains a conservative financial philosophy, emphasizing low leverage, strong liquidity, and proactive risk management — a strategy that has helped Jinhui Shipping and Transportation Limited remain profitable even during volatile market cycles.Led by a seasoned management team with extensive maritime and financial expertise, Jinhui Shipping and Transportation Limited continues to prioritize operational excellence, cost discipline, and sustainability. The shipowner’s decision to dispose of the supramax bulk carrier MV Jin Mao underscores its proactive approach to maintaining a modern, compliant, and environmentally responsible fleet capable of adapting to evolving global trade patterns. With a strong liquidity position and an ongoing investment in next-generation tonnage, Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited stands well-positioned to capitalize on future market opportunities while preserving its reputation as a prudent, quality-driven player in the international dry bulk shipping arena. 30-October-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has returned to the newbuilding market with a significant order valued at around $99 million for three ultramax bulk carriers. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited confirmed that it has entered into contracts with Jiangmen Nanyang Ship Engineering for the construction of three 64K DWT ultramax bulk carriers, which are scheduled for delivery in Q1 2028. This major order represents a continuation of Jinhui Shipping and Transportation Limited’s long-term strategy to modernize its fleet with technologically advanced and fuel-efficient bulk carriers built to meet the latest international environmental regulations and market demands. The renewed investment follows a year of strategic disposals in 2025 by Jinhui Shipping and Transportation Limited, when the shipowner and operator sold off a series of older supramax bulk carriers in order to streamline its operations and focus on modernizing its core fleet. Today, Jinhui Shipping and Transportation Limited controls a fleet of 29 ships across multiple segments, including capesize, panamax, ultramax, and supramax bulk carriers, with 20 of those assets being fully owned. By pursuing this newbuilding program, Jinhui Shipping and Transportation Limited is aiming to replace its aging ships with larger and more efficient bulk carriers that will provide stronger commercial returns while also enhancing the group’s environmental profile.In a stock exchange filing, Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited explained that the decision to pursue newbuildings is driven by the lack of suitable secondhand opportunities. “At present, no high-quality young secondhand bulk carriers offering a balanced combination of suitable specifications, favorable delivery timelines, and reasonable pricing can be identified,” the shipowner and operator emphasized, adding that its new ultramax bulk carriers will feature modern eco-designs that are expected to lower fuel consumption, increase cargo intake efficiency, and strengthen compliance with the International Maritime Organization’s decarbonization framework. This reinforces Jinhui Shipping and Transportation Limited’s broader ambition to align with sustainability targets while securing a competitive advantage in global shipping markets. The order at Jiangmen Nanyang Ship Engineering follows Jinhui Shipping and Transportation Limited’s earlier contract at Jiangsu Hantong Ship Heavy Industry for two 63K DWT ultramax bulk carriers worth approximately $68 million, which are due for delivery in December 2026 and November 2027. By staggering its deliveries, Jinhui Shipping and Transportation Limited is not only ensuring a steady pipeline of new, fuel-efficient bulk carriers but also protecting itself against overexposure to single market cycles, thereby maintaining financial flexibility and operational balance. Founded in 1987, Jinhui Shipping and Transportation Limited has established itself as one of the most enduring shipping enterprises with Asian roots. Over nearly four decades, the shipowner and operator has weathered numerous shipping cycles, adjusting its strategy from aggressive fleet expansion in strong markets to conservative capital preservation during downturns. Headquartered in Hong Kong but registered in Bermuda, Jinhui Shipping and Transportation Limited has maintained a strong presence in both Asian and European financial markets, with dual listings in Oslo and Hong Kong providing access to international capital. This dual listing has historically enabled the group to raise funds for fleet acquisitions and modernization while enhancing transparency and credibility with global investors. Jinhui Shipping and Transportation Limited has earned a reputation for disciplined fleet management, focusing on bulk carriers that serve major global trades such as coal, iron ore, and grain shipments between Asia, the Americas, and Europe. The firm’s strategic focus on ultramax and supramax bulk carriers reflects its belief in the versatility and wide employability of these ship types, which can access a broader range of ports and trades compared to larger capesize bulk carriers. By diversifying its fleet across multiple size categories, Jinhui Shipping and Transportation Limited balances exposure between long-haul iron ore and coal shipments and shorter regional trades, providing it with flexibility in both strong and weak market conditions. Apart from commercial operations, Jinhui Shipping and Transportation Limited has placed increasing emphasis on sustainability and environmental stewardship. The shipowner and operator has begun implementing vessel retrofits, including energy-saving devices and ballast water treatment systems, while also exploring alternative fuels and digital technologies to improve voyage performance. These steps are consistent with its long-term strategy to remain compliant with evolving regulations such as the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII). By proactively investing in both newbuildings and technological upgrades, Jinhui Shipping and Transportation Limited demonstrates a strong commitment to aligning its business model with future regulatory frameworks and charterer expectations. Financially, Jinhui Shipping and Transportation Limited has built resilience through a conservative capital structure. The firm has historically managed to generate solid cash flows even in challenging markets by maintaining low leverage and prioritizing liquidity. This approach, combined with selective asset sales and newbuilding investments, allows Jinhui Shipping and Transportation Limited to capture market upswings without exposing itself to excessive financial risk. Its prudent financial management and dual stock listings have long provided reassurance to investors who value stability in the cyclical shipping industry. The combination of the three newly contracted ultramax bulk carriers at Jiangmen Nanyang Ship Engineering and the two ultramax bulk carriers under construction at Jiangsu Hantong Ship Heavy Industry represents a carefully calibrated fleet renewal program. By Q1 2028, Jinhui Shipping and Transportation Limited will have added five modern, fuel-efficient ultramax bulk carriers to its operations. This program underscores its forward-looking approach to fleet management and positions the group to capture upside potential from tightening tonnage supply and robust commodity demand. Taken together, these initiatives showcase Jinhui Shipping and Transportation Limited’s enduring vision: to maintain a younger, more environmentally friendly, and more commercially competitive fleet, while safeguarding shareholder value and reinforcing its standing as a major participant in the global dry bulk shipping industry. 3-October-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has completed the sale of another supramax bulk carrier at a book loss, continuing its strategy of divesting older tonnage from its fleet portfolio. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited announced that it has sold the 2008 built supramax bulk carrier 58K DWT MV Jin Rong for approximately \$12 million. The supramax bulk carrier MV Jin Rong is scheduled to be delivered in October 2025 to the buyer, Hong Kong-registered shipowner and operator LiuLiu Shun Shipping. Jinhui Shipping and Transportation Limited, established in 1987, is one of the best-known names in the dry bulk shipping sector with decades of experience in owning and operating bulk carriers across global trade routes. Headquartered in Hong Kong, Jinhui Shipping and Transportation Limited also maintains a strong presence in Norway through its Oslo listing, making it a rare example of a shipping group with dual listings in both Europe and Asia. The company primarily focuses on the supramax and handymax segments, providing services to leading charterers and commodity houses worldwide. Over the years, Jinhui Shipping and Transportation Limited has built a reputation for prudent fleet management, balancing expansion with timely divestments of older assets to optimize operational efficiency and maintain competitiveness in the cyclical bulk shipping markets. Despite facing volatility in freight rates and asset values, the company has consistently adapted its strategy to market conditions, including chartering flexibility and selective ship acquisitions and disposals. The latest disposal of the supramax bulk carrier MV Jin Rong reflects Jinhui Shipping and Transportation Limited’s ongoing fleet renewal strategy, aimed at aligning with modern efficiency standards and tightening global regulatory frameworks on emissions. Jinhui Shipping and Transportation Limited has gradually been selling older tonnage while positioning itself to benefit from younger, fuel-efficient bulk carriers better suited for a decarbonising industry. As a publicly traded entity listed both on the Oslo Stock Exchange and the Hong Kong Stock Exchange, Jinhui Shipping and Transportation Limited maintains transparency in its operations and financial disclosures. This dual-market access has strengthened its reputation with both Asian and European investors, allowing it to raise capital and maintain flexibility in an increasingly competitive sector. 5-September-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has posted a loss as ship impairments and disposal-related charges eroded earnings. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited has offloaded five bulk carriers at a book loss so far in 2025. Losses linked to these ship sales pushed Jinhui Shipping and Transportation Limited into negative territory during Q2 2025. Jinhui Shipping and Transportation Limited reported a $1.9 million loss in Q2 2025, compared with a net profit of $8.8 million in Q2 2024. “The dry bulk shipping market is highly volatile. Dry bulk shipping market fundamentals change rapidly due to global economic cycles, demand and supply imbalances, as well as geopolitical developments,” Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited explained in its quarterly update. Founded in 1987 and headquartered in Hong Kong, Jinhui Shipping and Transportation Limited is a dry bulk shipowner specializing in supramax and handysize bulk carriers that transport commodities such as coal, ores, minerals, steel products, and grains. Jinhui Shipping and Transportation Limited is dual-listed on the Oslo Stock Exchange and the Hong Kong Stock Exchange, giving it access to both European and Asian capital markets. The fleet of Jinhui Shipping and Transportation Limited has traditionally focused on modern fuel-efficient tonnage sourced primarily from Japanese shipyards, reflecting a conservative investment strategy aimed at long-term value preservation. Over the years, Jinhui Shipping and Transportation Limited has combined spot market exposure with time-charter coverage to balance risk and earnings volatility. The recent disposals underline Jinhui Shipping and Transportation Limited’s effort to optimize its fleet portfolio and adapt to challenging dry bulk market conditions while seeking opportunities for future fleet renewal and strategic growth. 26-August-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has executed its fifth ship sale of 2025 as part of its ongoing fleet optimization strategy, reaching an agreement to sell the 2009-built 65K DWT supramax bulk carrier MV Jin Jun to Singapore-incorporated shipowner Huwell Global Resources for $10.5 million, with the deal expected to be finalized by mid-November 2025 and resulting in a non-cash accounting loss of approximately $2.3 million based on the supramax bulk carrier MV Jin Jun’s net book value as of end-May 2025; Oslo- and Hong Kong-listed Jinhui Shipping and Transportation Limited, a well-established dry bulk shipowner and operator with a focus on supramax and handymax bulk carriers, currently controls a fleet of 30 ships, including 20 owned ships, and has been actively divesting older tonnage in 2025 to reduce exposure to volatile freight markets, strengthen operational efficiency, and improve its liquidity position; the supramax bulk carrier MV Jin Jun is a sister ship to the Shanghai Shipyard-built MV Jin Gang and MV Jin Ji, both of which were also recently sold as part of the broader fleet renewal initiative; Jinhui Shipping and Transportation Limited, which has operated in the global dry bulk shipping market since 1987, emphasized in its filing that the disposal aligns with its strategic objective to readjust its fleet profile and lower operational risk, while also supporting working capital and enhancing financial flexibility, bringing the total capital raised in 2025 from ship sales and sale-and-leaseback arrangements to approximately $82 million as the shipowner and operator continues to adapt to shifting market conditions and maintain a conservative financial approach. 7-August-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has agreed to sell another ultramax bulk carrier, marking the fourth bulk carrier sale executed by Jinhui Shipping and Transportation Limited in 2025 as part of its ongoing fleet optimisation strategy. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited is selling the 2009-built 65K DWT ultramax bulk carrier MV Jin Ji to Hong Kong-incorporated Huwell Tanker Spring for approximately $11 million. Jinhui Shipping and Transportation Limited has indicated that the transaction is expected to be completed by the end of August 2025, and the shipowner and operator will record a non-cash accounting loss of about $1.1 million, based on the ultramax bulk carrier MV Jin Ji’s net book value as of 31 May 2025. Built at Shanghai Shipyard, the 2009-built 65K DWT ultramax bulk carrier MV Jin Ji is a sister ship to the ultramax bulk carrier MV Jin Gang, which was recently sold to Singapore-based ship operator Huwell Shipping Pte Ltd. These divestments form part of a deliberate strategic effort by Jinhui Shipping and Transportation Limited to reshape its fleet profile and reduce its exposure to volatile freight markets, while simultaneously enhancing liquidity and financial resilience. In its official statement, Jinhui Shipping and Transportation Limited described the disposal as an opportunity to readjust the fleet structure and lower operational risk, while also bolstering working capital and strengthening the group’s overall liquidity position. Including this latest deal, the total capital raised by Jinhui Shipping and Transportation Limited through bulk carrier sales and financing transactions in 2025 has reached approximately $71 million. This includes the disposal of three ageing supramax bulk carriers as well as sale-and-leaseback agreements involving one ultramax and one kamsarmax bulk carrier concluded with Chinese leasing firms. Jinhui Shipping and Transportation Limited, originally established in 1987, is a well-known dry bulk shipping firm operating primarily within the supramax and ultramax segments, with a diversified global trading pattern covering major routes across the Pacific, Atlantic, and Indian Oceans. Headquartered in Hong Kong and incorporated in Bermuda, Jinhui Shipping and Transportation Limited has been listed on the Oslo Stock Exchange since 1994 and on the Hong Kong Stock Exchange since 1996. Over the years, Jinhui Shipping and Transportation Limited has developed a reputation for conservative financial management, prudent asset acquisitions, and responsive fleet adjustment strategies aligned with shifting market conditions. As of now, Jinhui Shipping and Transportation Limited operates a fleet of 30 bulk carriers with a primary focus on high-specification supramax and ultramax bulk carriers, aiming to maintain operational flexibility and commercial efficiency in the global dry bulk sector. 25-July-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has completed its third ultramax bulk carrier sale in 2025, as the Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited agreed to sell the 2009-built ultramax bulk carrier 65K DWT MV Jin Gang to Singapore-based ship operator Huwell Shipping Pte Ltd for approximately $11m, with the ultramax bulk carrier 65K DWT MV Jin Gang expected to be delivered to its new owner by 15 August 2025, as stated in a filing by Jinhui Shipping and Transportation Limited, which manages a fleet of 31 bulk carriers focused primarily on the supramax and ultramax segments, operating worldwide tramp shipping services mainly for dry bulk cargo such as coal, ores, grains, and minerals, and the latest divestment brings the total cash proceeds generated by Chinese shipowner and operator Jinhui Shipping and Transportation Limited from bulk carrier sales and financial transactions in 2025 to roughly $60m, including earlier disposals of two older supramax bulk carriers and sale-and-leaseback agreements with Chinese financial institutions involving one ultramax bulk carrier and one kamsarmax bulk carrier, aligning with Jinhui Shipping and Transportation Limited’s ongoing fleet optimisation strategy aimed at enhancing capital efficiency, reducing average fleet age, and maintaining financial flexibility amid evolving market dynamics. 9-July-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has concluded sale and leaseback agreements with Chinese financiers for two of its bulk carriers, enabling Jinhui Shipping and Transportation Limited to unlock nearly $30m in cash. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited is selling the 2014-built ultramax bulk carrier MV Jin Heng for approximately $11m and the 2019-built kamsarmax bulk carrier MV Jin Li for approximately $17m to Tianjin Jinhaishiwu Leasing and Tianjin Jinhaiba Leasing, respectively. Both the MV Jin Heng and MV Jin Li transactions include bareboat charters for a duration of 84 months, with repurchase options available during the charter or a mandatory repurchase at the end of the lease term. Chinese shipowner and operator Jinhui Shipping and Transportation Limited had acquired the 2014-built ultramax bulk carrier MV Jin Heng in September 2022 from Japanese shipowner and operator Nisshin Shipping for approximately $25m, while the 2019-built kamsarmax bulk carrier MV Jin Li was acquired in February 2024 from Vincent Shipping for around $31m. Jinhui Shipping and Transportation Limited stated in a filing that this transaction structure provides access to additional working capital at a competitive cost, thereby improving liquidity while maintaining full operational control over the bulk carriers. In Q1 2025, Jinhui Shipping and Transportation Limited divested two older supramax bulk carriers and currently operates a fleet of approximately 30 bulk carriers. 2-July-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has announced its second supramax bulk carrier sale of 2025. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited disclosed in a regulatory filing that it has agreed to sell the 2008-built 57K DWT supramax bulk carrier MV Jin Tong to Marshall Islands-incorporated Famous Shine Development for approximately $10.5 million. Since 2024, Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has concentrated on modernizing its fleet through secondhand purchases and newbuilding ship orders, having divested several older supramax bulk carriers in 2023. In March 2025, Jinhui Shipping and Transportation Limited completed its first sale in over a year by offloading the 2007-built supramax bulk carrier MV Jin Shun to Hong Kong-incorporated Yuhe Shipping for about $8.3 million. The current fleet of Jinhui Shipping and Transportation Limited consists of 32 bulk carriers, with 25 of them owned. Jinhui Shipping and Transportation Limited, established in 1987, specializes in the ownership and operation of modern dry bulk ships, focusing primarily on the supramax segment, and is known for its flexible and responsive chartering services across Asia-Pacific and global markets. The shipowner and operator Jinhui Shipping and Transportation Limited is actively involved in the spot and time charter markets and emphasizes efficient fleet management and commercial performance. With offices in Hong Kong and close ties to the regional shipping community, Jinhui Shipping and Transportation Limited maintains a conservative financial approach and long-term asset strategy that positions it to capitalize on market cycles while supporting gradual fleet renewal and expansion. 20-May-2025
Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has reportedly disposed of another older supramax bulk carrier, marking the second such sale by Jinhui Shipping and Transportation Limited in 2025, with S&P (Sale and Purchase) shipbrokers indicating that the Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited has sold the 2008-built supramax bulk carrier 57K DWT MV Jin Tong to a Chinese shipowner for approximately $10.5 million. Since 2024, Jinhui Shipping and Transportation Limited has shifted its focus primarily to fleet renewal through acquisitions of secondhand bulk carriers and placement of newbuilding orders, following a series of older supramax bulk carrier disposals in 2023. In March 2025, Chinese shipowner and operator Jinhui Shipping and Transportation Limited sold the 2007-built supramax bulk carrier MV Jin Shun to Yuhe Shipping, a Hong Kong-incorporated subsidiary of Qingdao-based Sea Ray Shipping Co Ltd, for around $8.5 million. Excluding the most recent reported transaction, Hong Kong-based and Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited currently maintains a fleet of 34 bulk carriers, 26 of which are owned. 8-May-2025
An insider at Hong Kong-based and Bermuda-registered Jinhui Shipping and Transportation Limited has increased their shareholdings in the shipowner. Despite this, the share price of Jinhui Shipping and Transportation Limited on the Oslo Stock Exchange continues its downward trajectory. Insiders within Jinhui Shipping and Transportation Limited have been actively purchasing more shares in the Oslo-listed shipowner, although these acquisitions have not halted the decline in its stock price. A close associate of Jinhui Shipping and Transportation Limited chairman Siu Fai Ng has acquired 52,099 shares since last Thursday. As a result, her total ownership has risen to 1,153,195 shares as of Monday, representing just over 1% of the total outstanding share capital. Jinhui Shipping and Transportation Limited, with its dual listings on the Oslo Stock Exchange and the Hong Kong Stock Exchange, has been navigating a challenging period in the shipping market. The company primarily operates dry bulk carriers and is known for its fleet of Handysize and Supramax vessels. These ships are versatile in the types of cargo they can carry and the ports they can access, making them valuable assets in the global shipping network. Despite the broader industry headwinds, Jinhui Shipping and Transportation Limited has been focusing on optimizing its operational efficiency and cost management strategies. Hong Kong-based and Bermuda-registered Jinhui Shipping and Transportation Limited has also been exploring opportunities to renew and expand its fleet with newer, more fuel-efficient ships. This strategy aims to position Jinhui Shipping and Transportation Limited for long-term growth once market conditions improve. Moreover, Jinhui Shipping and Transportation Limited’s management remains committed to maintaining strong governance practices and transparent communication with shareholders, as evidenced by their ongoing share repurchases. These purchases reflect confidence by insiders in the company’s fundamental value and future prospects, even as they face current market volatility. By strengthening its asset base and enhancing operational efficiencies, Jinhui Shipping and Transportation Limited aims to weather the current market challenges and emerge stronger and well-positioned to capitalize on future market upturns. The insider investments are seen as a reaffirmation of this long-term outlook, underscoring a commitment to Jinhui Shipping and Transportation Limited’s stability and growth. 10-April-2025
Hong Kong-based and Bermuda-registered Jinhui Shipping and Transportation Limited, a prominent player in the global shipping industry, has recently completed the sale of one of its older supramax bulk carriers, marking its first transaction in over a year. This sale is part of the company’s strategic initiative to modernize its fleet amid changing market dynamics. The Oslo- and Hong Kong-listed company divested the 2007-built supramax bulk carrier 53K DWT MV Jin Shun to Hong Kong-incorporated shipowner Yuhe Shipping in a deal valued at approximately $8.3m. Previously, Jinhui Shipping and Transportation Limited had acquired MV Jin Shun in October 2021 from Athens-based shipowner and operator AM Nomikos for about $15.7m, showcasing its active participation in the second-hand ship market. The transaction with Yuhe Shipping is scheduled for completion with the delivery of MV Jin Shun by 31 May 2025. Since 2024, Jinhui Shipping and Transportation Limited has been actively engaged in fleet renewal strategies, focusing on acquiring secondhand vessels and placing newbuilding orders. This approach followed a phase in 2023 where the company phased out several of its older supramax bulk carriers to streamline operations and reduce its average fleet age. Prior to the deal involving MV Jin Shun, Jinhui Shipping had also sold a 2006-built supramax bulk carrier, 52K DWT MV Jin Sheng, for approximately $10.4m in December 2023. Currently, Jinhui Shipping and Transportation Limited operates a diverse fleet of 34 bulk carriers, of which 26 are directly owned. The company’s strategic initiatives are aligned with its long-term vision to bolster its position in the competitive maritime transport sector, emphasizing efficiency, environmental sustainability, and operational excellence. This proactive approach to fleet management enables Jinhui Shipping to meet the evolving demands of global trade and maritime logistics, further solidifying its reputation as a reliable and forward-thinking shipping enterprise. 21-March-2025
Hong Kong-based and Bermuda-registered Jinhui Shipping and Transportation Limited has re-entered the secondhand Sale and Purchase (S&P) market, acquiring another ultramax bulk carrier as part of its fleet renewal strategy. The Oslo- and Hong Kong-listed Jinhui Shipping and Transportation Limited has purchased the 2017-built ultramax bulk carrier MV Great Century from CMB Financial Leasing for approximately $24.5 million. In November 2024, the 61K DWT ultramax bulk carrier MV Great Century, constructed by COSCO KHI Ship Engineering, was auctioned, and Jinhui Shipping and Transportation Limited’s compatriot, Amoysailing Maritime, secured it through a similar bid. Since 2023, Jinhui Shipping and Transportation Limited has phased out several older bulk carriers, replacing them with newer vessels via charter-in agreements or acquisitions in the secondhand and new building markets. In June 2024, Jinhui Shipping and Transportation Limited placed orders for ultramax bulk carriers at Jiangsu Hantong Ship Heavy Industry, scheduled for delivery in Q4 2026 and Q1 2027. This was followed by the purchase of its second capesize bulk carrier in July 2024, after entering the capesize bulk carrier segment with its first acquisition in February 2024. Currently, Hong Kong-based and Bermuda-registered Jinhui Shipping and Transportation Limited operates a fleet of 33 bulk carriers, including 6 ultramax bulk carriers among the 25 owned vessels. The latest acquisition, funded 70% through bank financing, is slated for delivery in Q1 2025 on a free-from-charter basis. 4-December-2024
Hong Kong-based, Bermuda-registered Jinhui Shipping and Transportation Limited is actively expanding its fleet, having recently acquired a second capesize bulk carrier in 2024. The Oslo- and Hong Kong-listed shipowner and operator secured the 2008 Shanghai Waigaoqiao-built capesize bulk carrier 178K DWT MV Ocean Courtesy from Singapore-based TNB Ocean Shipping for approximately $24 million. This acquisition is part of Jinhui Shipping and Transportation Limited’s strategic initiative to expand and modernize its fleet, which has included several vessel acquisitions and charter-in deals. Additionally, the company has recently ventured into the newbuilding market, contracting a pair of ultramax bulk carriers from Jiangsu Hantong Ship Heavy Industry. These new vessels are scheduled for delivery in the fourth quarter of 2026 and the first quarter of 2027, respectively. Jinhui Shipping and Transportation Limited entered the capesize bulk carrier segment in February 2024 with the purchase of the 2012 Imabari-built New capesize bulk carrier 181K DWT MV New Delight for around $31 million. This move further diversifies their fleet, which now comprises 24 bulk carriers, enhancing their capacity and presence in the global shipping market. 5-July-2024
Hong Kong-based, Bermuda-registered Jinhui Shipping and Transportation Limited is expanding its fleet through the newbuilding market. The Oslo- and Hong Kong-listed shipowner and operator Jinhui Shipping and Transportation Limited has inked a deal with Jiangsu Hantong Ship Heavy Industry for the construction of two 63K DWT ultramax bulk carriers, valued at $68 million. The first of these newbuilds is slated for delivery in the fourth quarter of 2026, with the second expected by the third quarter of 2027. These ultramax bulk carriers are designed to be more fuel-efficient and operationally effective than existing vessels in Jinhui Shipping and Transportation Limited’s fleet. Over the past year, Jinhui Shipping has phased out several older bulk carriers, replacing them with younger models through charter-in deals or direct acquisitions. Currently, Jinhui Shipping and Transportation Limited’s fleet consists of 33 bulk carriers, 23 of which are owned. 1-July-2024
Hong Kong-based, Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited is making a significant return to the shipbuilding market with the placement of an order for two new 63K DWT ultramax bulk carriers. These vessels, contracted from Jiangsu Hantong Ship Heavy Industry, mark a strategic pivot in Jinhui Shipping and Transportation Limited’s approach to expanding and modernizing its fleet. Each ultramax bulk carrier is priced at approximately $34 million, signaling a substantial investment by Jinhui Shipping and Transportation Limited into enhancing its operational capabilities and fleet efficiency. This move comes after a period during which Jinhui Shipping had focused on chartering and acquiring secondhand vessels. The decision to order newbuilds reflects a renewed commitment to fleet growth and rejuvenation, ensuring the company remains competitive in the global shipping industry. By choosing Jiangsu Hantong Ship Heavy Industry for this endeavor, Jinhui Shipping leverages the shipbuilder’s renowned expertise and technological advancements, promising a significant upgrade in vessel performance and efficiency. This investment not only supports Jinhui Shipping’s growth objectives but also aligns with broader industry trends towards newer, more environmentally friendly ships amid increasing regulatory demands. This strategic order will likely enhance Jinhui Shipping and Transportation Limited’s service offerings, improve its market positioning, and strengthen its ability to meet the evolving demands of international maritime commerce. 30-June-2024
Hong Kong-based Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has reported a return to profitability in the first quarter of 2024. This return to profit, with a net gain of $2.4 million, was primarily driven by an increase in tonne-mile demand due to various geopolitical events. The Oslo and Hong Kong-listed Jinhui Shipping and Transportation Limited’s revenue for Q1 2024 was $27.8 million. Jinhui Shipping and Transportation Limited indicated that it plans to expand its fleet through the acquisition of secondhand vessels or charters, rather than investing in newbuildings. Jinhui Shipping and Transportation Limited highlighted that the dry bulk market demonstrated unusual strength in Q1 2024, continuing the freight rate momentum from Q4 2023. This strength was supported by increased demand for dry bulk commodities and extended sailing distances, contributing significantly to their financial turnaround. 4-June-2024
Jinhui Marine, a subsidiary of the Oslo and Hong Kong-listed Jinhui Shipping and Transportation Limited, has recently taken an ultramax bulk carrier, the MV Xing He Hai, on a time charter. The 2016-built vessel has been contracted from Fortune Ocean Shipping Ltd for approximately two years. Jinhui Marine will pay around $9.02 million for the charter, which breaks down to a daily rate of $16,250. The Singapore-flagged MV Xing He Hai is scheduled for delivery to Jinhui Marine in June 2024. This latest charter follows several other significant agreements by Jinhui Shipping and Transportation Limited. Previously, the company secured a charter for the 2017-built newcastlemax bulk carrier MV True Neptune from Singapore-based Olam Maritime Freight. This arrangement, worth approximately $26.5 million, spans at least 33 months. Shortly before this, the company finalized a $10 million, 22-month charter for the 2016-built ultramax bulk carrier MV Pacific Lilly, leased from the Singapore branch of Chinese shipowner Zhejiang Shipping. Additionally, in December 2023, Jinhui Shipping and Transportation Limited entered into a charter for the 2021-built kamsarmax bulk carrier MV Ever Shining. The company’s first ever charter was the MV Taho Circular in 2022, marking a significant milestone in its expansion and operational strategy in the bulk carrier market. 7-May-2024
Jinhui Shipping and Transportation Limited, which is listed in Oslo and Hong Kong, has secured a long-term charter for a newcastlemax bulk carrier, marking the second such agreement in less than a week. This time, Hong Kong-based Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited has chartered the 2017-built newcastlemax bulk carrier 207K DWT MV True Neptune from Singapore-based Olam Maritime Freight Pte Ltd for a minimum of 33 months, with an option to extend the charter for an additional three months. The contract for the MV True Neptune is valued at approximately $26.5 million, translating to around $31,500 per day. The Liberia-flagged MV True Neptune is scheduled for delivery to Jinhui Shipping and Transportation Limited between January 1, 2025, and March 31, 2025. By securing this charter, Jinhui Shipping and Transportation Limited aims to expand its carrying capacity through the addition of a modern newcastlemax bulk carrier, without the financial burden of ownership. This strategic approach allows the Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited to mitigate inflationary pressures on borrowing costs and other financial variabilities associated with outright vessel acquisition. MV True Neptune will be the first newcastlemax bulk carrier in Jinhui Shipping and Transportation Limited’s fleet, increasing the number of chartered-in bulk carriers to four. This latest charter follows closely on the heels of another recent agreement, where Jinhui Shipping and Transportation Limited committed to a $10 million, 22-month charter for the 2016-built ultramax bulk carrier MV Pacific Lilly from Zhejiang Shipping Pte Ltd. Additionally, in December 2023, Jinhui Shipping and Transportation Limited had chartered in the 2021-built kamsarmax bulk carrier MV Ever Shining, further underscoring its strategy to enhance fleet capacity through chartered bulk carriers. 19-April-2024
Hong Kong-based Bermuda-registered shipowner and operator Jinhui Shipping and Transportation Limited is set to enhance its fleet through its inaugural long-term charter-in agreement of 2024. Known primarily for its engagement in secondhand ship Sale and Purchase (S&P) transactions, Jinhui Shipping and Transportation, which is listed both in Oslo and Hong Kong, has secured a charter for the 2016-constructed ultramax bulk carrier 61K DWT MV Pacific Lilly. MV Pacific Lilly, coming from the Singapore-based shipowner and operator Zhejiang Shipping, will be under contract to Jinhui Shipping and Transportation Limited for a minimum duration of 22 months, amounting to an agreement valued at approximately $10 million, or $16,500 per day. The Marshall Islands-flagged MV Pacific Lilly is scheduled to join Jinhui Shipping and Transportation Limited by May 8, 2024. This addition marks the third charter-in bulk carrier for Jinhui Shipping and Transportation Limited, augmenting its fleet of 24 owned bulk carriers, including the kamsarmax bulk carrier MV Ever Shining, which was chartered in December 2023. Jinhui Shipping and Transportation Limited has highlighted the strategic advantage of securing long-term charters at fixed rates as a way to mitigate inflationary impacts on borrowing expenses and other variable costs associated with the direct purchase of bulk carriers. 12-April-2024
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited has experienced a downturn in its financial results, significantly affected by substantial impairments on its older vessels. Jinhui Shipping and Transportation Limited is actively pursuing a strategy to modernize its bulker fleet, acknowledging that the book values of some vessels considerably exceed their earning capabilities. These significant impairment charges have notably influenced Jinhui Shipping and Transportation Limited’s annual financial outcomes, propelling the company into a steeper loss. 2023 has been marked as a challenging year for Jinhui Shipping and Transportation Limited, with the company grappling with the dual pressures of rising inflation and a deceleration in economic growth. The Oslo-listed maritime firm Jinhui Shipping and Transportation Limited reported a notable $14 million impairment loss on its collection of owned supramax bulkers, accompanied by a $5.7 million loss on right-of-use assets. Remarkably, these figures represent a reduction of nearly 50% in impairments compared to the previous year, a change largely attributed to the disposal of several of its older bulk carriers in the preceding year. 27-February-2024
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited is making strides in expanding its fleet by acquiring a contemporary kamsarmax bulk carrier. The Oslo- and Hong Kong-listed shipowner Jinhui Shipping and Transportation Limited has been identified as the buyer in a recent transaction for the 81K DWT 2019-built kamsarmax bulk carrier MV Vincent Trader, constructed by Jiangsu Hantong, for a purchase price of approximately $31 million. The MV Vincent Trader, with an 81K DWT capacity, is scheduled for delivery in June 2024 on a free-from-charter basis. MV Vincent Trader was previously one of four ships under a bareboat charter to Vincent Shipping from Japanese owner Nisshin Shipping, all of which had purchase options. Vincent Shipping has reportedly transferred all these vessels, thereby exiting the dry bulk market. Throughout 2023, Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited has actively engaged in fleet rejuvenation efforts, divesting from older bulk carriers while acquiring newer, more efficient ones. This initiative included chartering a kamsarmax bulk carrier built in 2021 and purchasing a capesize bulk carrier from 2012 for around $31 million. The acquisition of MV Vincent Trader will complement Jinhui Shipping and Transportation Limited’s existing fleet, which predominantly consists of supramax and ultramax bulk carriers, bringing its total to 23 owned bulk carriers. This strategic expansion reflects Jinhui Shipping and Transportation Limited’s commitment to modernizing its fleet and enhancing its competitive edge in the global shipping industry. 21-February-2024
Jinhui Shipping and Transportation Limited, a company registered in Bermuda with operations based in Hong Kong, is expanding its fleet by acquiring a capesize bulk carrier from the Taiwanese shipowner and operator, Hsin Chien Marine. The Oslo and Hong Kong-listed Jinhui Shipping and Transportation Limited has purchased the 2012-built, 181K DWT MV New Delight for approximately $31 million. The delivery of the MV New Delight is scheduled between July and mid-September 2024. Throughout 2023, Jinhui Shipping and Transportation Limited engaged in multiple transactions aimed at rejuvenating its fleet by selling older bulk carriers and acquiring younger ones. Among its recent activities, Jinhui Shipping and Transportation Limited sold the 2006-built supramax bulk carrier 52K DWT MV Jin Sheng for around $10.5 million and entered into a charter for a kamsarmax bulk carrier built in 2021. The acquisition of the MV New Delight, a capesize bulk carrier from 2012, will complement Jinhui Shipping and Transportation Limited’s existing fleet of 22 owned supramax and ultramax bulk carriers, further enhancing its operational capabilities. 5-February-2024
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited has recently acquired its first capesize bulk carrier, marking a significant step in its fleet renewal strategy. The Oslo- and Hong Kong-listed shipowner Jinhui Shipping and Transportation Limited purchased the capesize bulk carrier MV New Delight, with a deadweight of 181K from Hsin Chien Marine for $30.95 million. This addition to its fleet represents Jinhui Shipping & Transportation’s commitment to enhancing its operational capabilities. The vessel, built in Japan in 2012, signals Jinhui Shipping and Transportation Limited’s intention to refine its fleet profile by strategically managing its asset portfolio, as stated by the company’s director. This acquisition is seen as a move to optimize Jinhui Shipping & Transportation’s fleet through thoughtful asset management. 2-February-2024
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited has entered into a substantial long-term agreement with Taiwanese shipowner First Steamship for a kamsarmax bulk carrier built in 2021. The ship, named MV Ever Shining, will be chartered by Jinhui Shipping and Transportation’s subsidiary, Goldbeam Shipping, for up to two years. The Oslo- and Hong Kong-listed company will start chartering the 81K DWT, Liberia-flagged vessel in December for at least 22 months, in a contract valued at approximately $8.5 million. The arrangement, which includes the option to extend for two more months, is set at a daily rate of $14,250 for the first year and $14,750 for the remaining period. This long-term charter, at a relatively fixed hire rate, is strategically beneficial for JHong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited, as it allows the company to avoid the fluctuations and uncertainties of inflation and other costs associated with purchasing a kamsarmax bulk carrier outright. As of September 30, Jinhui Shipping and Transportation’s fleet consisted of 25 supramax and ultramax bulk carriers, including 24 owned bulk carriers and one chartered bulk carrier. 12-December-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited, a company listed in Oslo and Hong Kong, is actively upgrading its fleet by offloading older supramax bulk carriers. This move comes as part of the Jinhui Shipping and Transportation Limited’s strategy to manage the impact of weak market conditions on its financial performance, particularly noted in the Q3 2023. Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited is focused on finding the right balance between the additional maintenance costs associated with aging vessels and their potential for revenue generation. In line with this approach, Jinhui Shipping and Transportation Limited has recently completed the sale of another one of its older supramax bulk carriers, as part of its efforts to rejuvenate the age profile of its fleet. 2006 built supramax bulk carrier 52K DWT MV Jin Quan has been sold to another shipowner based in Hong Kong for approximately $9.5 million. The Hong Kong-flagged MV Jin Quan is scheduled for handover to its new owner by the end of January 2024. This sale is a clear indication of Jinhui Shipping and Transportation Limited’s commitment to optimizing its fleet amid changing market dynamics. 30-November-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited, a company listed in Oslo and Hong Kong, has recently agreed to sell another one of its older supramax bulk carriers. The Chinese Jinhui Shipping and Transportation is in the process of selling the 2006 built supramax bulk carrier 52K DWT MV Jin Quan to King Lucky Ocean, a Hong Kong-based firm, for approximately $9.6 million. MV Jin Quan, constructed by Tsuneishi Cebu, was acquired by Jinhui Shipping and Transportation in 2021 for $9.3 million from the Atehns-based shipowner and operator Unisea Shipping, where it was previously named MV Makiki. The transfer of ownership is scheduled for December 2023. Earlier, in September 2023, Jinhui Shipping and Transportation sold their 2004-built supramax bulk carrier MV Jin Feng to ETL Shipping, a Singaporean shipowner and operator, for about $8.1 million. Simultaneously, Jinhui Shipping and Transportation Limited acquired the 2014-built ultramax bulk carrier MV Hanton Trader III for around $20.4 million. Following these transactions, Jinhui Shipping and Transportation Limited’s fleet now comprises 25 bulk carriers, with 24 owned outright and one chartered. 29-November-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited has sold 2004 built supramax bulk carrier 52K DWT MV Jin Feng (ex MV Tai Hawk) to Singapore-based ETL Shipping around $8.1 million. In 2021, Oshima-constructed 2004 built supramax bulk carrier 52K DWT MV Jin Feng (ex MV Tai Hawk) acquired by Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited for $10.8 million. Jinhui Shipping and Transportation Limited plans to allocate the entire net proceeds from this sale towards its general working capital. Currently, Jinhui Shipping and Transportation Limited holding ownership of 23 supramaxes and a singular ultramax. 21-September-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited records a downturn in the Q2 2023 amid a waning supramax dry bulk market. Jinhui Shipping and Transportation Limited reported a loss of $6.5 million. The shipping market is influenced downwardly by the surge in inflation, augmented interest rates, and alleviating port congestion, as per the statements from Jinhui Shipping and Transportation Limited. Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited registered a significant dip during the Q2 2023, noting that the fervor that once propelled the supramax sector a year prior has considerably diminished. The time charter equivalent rates for Jinhui Shipping and Transportation Limited’s fleet of 25 bulk carriers observed a decline. Currently, Jinhui Shipping and Transportation Limited holding ownership of 24 supramaxes and a singular ultramax. 28-August-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited reported a $46 million full-year loss for 2022. Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited blames the unusually difficult environment in the dry bulk market in 2022. Supramax specialist Jinhui Shipping and Transportation Limited stated a significant contributing factor to the loss is an impairment of around $49 million on the company’s fleet of 22 supramax bulk carriers. Jinhui Shipping and Transportation Limited blamed the loss on an unprecedentedly challenging environment for the poor performance. Jinhui Shipping and Transportation Limited forecast was based on a preliminary assessment of the unaudited consolidated management accounts. Currently, Jinhui Shipping and Transportation Limited owns and operates 22 supramax bulk carriers. 24-February-2023
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited sold 2004 built supramax bulk carrier 52K DWT for around $13.3 million. Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping & Transportation Limited will deliver the supramax bulk carrier to the new owners at the beginning of December. Previously, Jinhui Shipping and Transportation Limited sold 2010 built post-panamax bulk carrier 93K DWT MV Jin Lang and 2010 built post-panamax bulk carrier 93K DWT MV Jin Mei. Jinhui Shipping & Transportation Limited sold three bulk carriers in October due to a fleet renewal programme. Currently, Jinhui Shipping and Transportation Limited owns and operates 25 supramax bulk carriers. 26-October-2022
Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited sold 2010 built post-panamax bulk carrier 93K DWT MV Jin Lang and 2010 built post-panamax bulk carrier 93K DWT MV Jin Mei for $34.5 million total. Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping & Transportation Limited will deliver MV Jin Lang and MV Jin Mei to the new shipowner in Q4 2022. Jinhui Shipping and Transportation Limited aim to reduce the fleet’s age profile. Hong Kong-based Bermuda-registered Jinhui Shipping and Transportation Limited is set to become a pure supramax shipowner after deciding to sell MV Jin Lang and MV Jin Mei. Currently, Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping & Transportation owns 26 supramax bulk carriers. 20-October-2022
Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited reported a net profit of $194.2 million for 2021. Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited reported revenue of $131 million for 2021. In 2021, supramax specialist Jinhui Shipping and Transportation Limited profited from substantial freight markets. Jinhui Shipping and Transportation Limited reported a net profit of $194.2 million for 2021. Jinhui Shipping and Transportation Limited reported an average daily TCE (Time Charter Equivalent) of $19,233 per day per ship. Outstanding rebound in ship charter rates and the growth in owned bulk carriers impacted the net profit of Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited. In Q4 2021, Jinhui Shipping and Transportation Limited reported a net profit of $84 million. In 2021, Jinhui Shipping and Transportation Limited acquired eight (8) bulk carriers. 2021 has been a satisfactory year for dry bulk shipping with strong freight rates driven by a widespread boost in demand for bulk cargoes. Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited anticipated few new building bulk carrier orders, as there is no agreement in the shipbuilding industry yet with regards to the next-generation engine design to lower carbon emissions. Currently, Hong Kong and Oslo-listed shipowner and operator Jinhui Shipping and Transportation Limited owns 24 bulk carriers. 27-February-2022
Hong Kong-based Chinese bulk carrier operator, Jinhui Shipping and Transportation, has made a significant move in its fleet expansion efforts by acquiring the MV Tai Hawk, a 52,000 deadweight tons (DWT) supramax bulker, originally built in 2004. The acquisition was made from Tai Shing Maritime, an affiliate of Taiwan Navigation Company (TNC), and it comes with a price tag of $10.8 million. This Japanese-built vessel, the MV Tai Hawk, is scheduled for delivery to Jinhui Shipping and Transportation sometime between June 10 and August 15 of the current year. Jinhui Shipping and Transportation, with a pre-existing fleet of 19 bulk carriers, has been actively pursuing further growth in its operations, with two additional acquisitions already in the pipeline, pending delivery. In a move reflecting its expansion strategy, the company made a notable addition to its fleet in late April by acquiring the MV Makiki, another supramax bulk carrier. This vessel, built in 2006, was purchased from Greek owner Unisea Shipping. These acquisitions collectively underscore Jinhui Shipping and Transportation’s commitment to strengthening its presence and capabilities within the bulk carrier sector of the maritime industry. 19-May-2021
Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited reported a net loss of $15.25 million for 2020 due to the post-coronavirus recession. Jinhui Shipping and Transportation Limited reported a revenue of $47.12 million for 2020. Oslo Stock Exchange-listed Jinhui Shipping and Transportation’s majority shared are owned by Hong Kong-listed Jinhui Holdings and controlled by brothers Ng Siu Fai and Thomas Ng Kam Wah. Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited published that the drivers for a net loss of $15.25 million were the consequence of the coronavirus pandemic on shipping business and, therefore, on chartering and freight revenue, unrealized impairments on the value of bulk carriers, and an increase in ship operating costs. In Q4 2020, Jinhui Shipping and Transportation Limited reported a revenue of $15.14 million. In July 2020, Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited acquired 2001 built supramax bulk carrier 50K DWT MV Atlantica for around $4 million. In December 2020, Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited sold 2002 built supramax bulk carrier 50K DWT MV Jin Ping for around $5.5 million to Hong Kong Xinfeng Shipping. Jinhui Shipping and Transportation Limited reported TCE (Time-Charter Equivalent) $7,269 per day per bulk carrier for 2020. Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited has significant investments and other financial holdings. Currently, Jinhui Shipping and Transportation Limited has a fleet of two (2) post-panamax bulk carriers and seventeen (17) supramax bulk carriers. 23-February-2021
Oslo Stock Exchange-listed Jinhui Shipping and Transportation has reported a net profit of $766,000 for Q3 2020. Bermuda registered and Hong Kong-based Jinhui Shipping’s first quarterly profit since the end of 2019. In Q3 2019, Jinhui Shipping and Transportation reported a net loss of $2.37 million. In Q3 2020, a net profit of $766,000 came due to lower finance costs, lower expenses, and a smaller impact on the change in the fair value of fleet than previous quarters. In Q3 2020, Jinhui Shipping and Transportation has reported earnings of $14.3 million compared to $16.6m million in Q3 2019. Jinhui Shipping and Transportation is going to pay around $61 million of secured loans which are due by Q2 2021. Oslo Stock Exchange-listed Jinhui Shipping and Transportation will be careful of shipping market volatility that could influence the value of its fleet. In Q3 2020, Jinhui Shipping and Transportation has no capital expenditure commitment to the new-building bulk carrier contracts and sustains a solid financial position. Currently, Bermuda registered and Hong Kong-based shipowner and operator Jinhui Shipping and Transportation controls a fleet of 19 bulk carriers. 29-November-2020
Bermuda registered and Hong Kong-based Jinhui Shipping reported a net loss of $5.2 million in Q2 2020 due to post-coronavirus recession. Many supramax bulk carriers lie at anchor as coronavirus pandemic halts many dry bulk cargoes such as nickel ore. In Q2 2020, Oslo Stock Exchange-listed Jinhui Shipping and Transportation reported a revenue of $8.5 million. Ng Sui Fai-led Jinhui Shipping reported TCE (Average Time Charter Equivalent) of $5,229 in Q2 2020. In Q2 2020, BDI (Baltic Dry Index) was at 783 points. According to Jinhui Shipping and Transportation, in Q2 2020, the freight market has been challenging due to a slowdown in industrial activity which diminished activity in the dry bulk shipping market. Currently, Hong Kong-based Jinhui Shipping has a fleet of 18 bulk carriers. 24-August-2020
In light of pandemic apprehensions and the raging oil price dispute, US stocks took a profound nosedive. The trading arenas witnessed their steepest devaluations since the 2008 debacle, with investors rendered uneasy by the COVID-19 outbreak and the ensuing oil-price strife. US-affiliated maritime equities experienced a precipitous descent on Monday, mirroring the broader market’s trajectory, agitated by pandemic anxieties and the oil-centric contention between Russia and Saudi Arabia. The maritime domain saw extensive divestments, with Dorian LPG’s stocks dwindling a staggering 24.8% to a close of $7.44 at the culmination of the New York trading soiree. Teekay Corp’s equity also bore the brunt, receding 22.9% to $2.22. Additional shares enduring substantial percentage retractions encompassed bulker magnate Navios Maritime Partners, tapering 22.5% to $6.53. Concurrently, Golar LNG witnessed a 21.5% reduction to $8.29. Contrarily, the sole maritime segment observing ascents was tankers, underscored by Frontline’s appreciable 7.4% surge to $7.56. The Dow Jones Industrial Average encapsulated the overarching scenario of the most profound market downturn since the 2008 economic catastrophe, dwindling 2,014 points to settle at 23,851. European equities on Monday also encountered pronounced depreciations, with London’s FTSE 100 enduring its most considerable intra-day decline in over a decade as global corona virus diagnoses approached 110,000. BW Offshore saw an erasure of nearly a quarter of its valuation in Oslo, while the worth of seismic survey vessel forerunner PGS diminished by a striking 38.4%. Another seismic survey conglomerate, CGG, depreciated by 33% on French soil. Bulker proprietor Cosco Corp in Singapore concluded Monday with an approximate 17% decrement. Oslo-based bulker magnates Golden Ocean and Jinhui Shipping & Transportation waned by 6.6% and 21% respectively. Simultaneously, LNG vessel magnate Hoegh LNG witnessed an 18% depreciation in its value. The Brent’s decline marked its most dramatic descent since the commencement of the inaugural Gulf conflict in 1991. Analysts conjectured a potential further decline unless both Saudis and Russians re-engage in deliberations in the wake of the recent disintegration of the Opec+ production agreement. Amidst this chaos, the Baltic Exchange Dry Index terminated with a marginal decline, down merely a point at 616. However, the capesize index retracted 60 points, culminating at -372. Anticipations were rife for a substantial US stock downturn on Monday, even preceding market commencement, with equity futures hinting at a prospective 4.8% decline for the emblematic Dow Jones Industrial Average. 8-March-2020
Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited reported a profit of $5.6 million in Q4 2019 due to stronger bulk carrier charter rates. Additionally, Jinhui Shipping and Transportation Limited reported a revenue of $19.8 million in Q4 2019. Jinhui Shipping and Transportation Limited reported a revenue of $63.2 million for the full year of 2019. Oslo Stock Exchange-listed Jinhui Shipping and Transportation received support of Q4 2019 dry bulk shipping environment however, Jinhui Shipping and Transportation is pretty unadventurous over coronavirus repercussions. In Q4 2019, Jinhui Shipping and Transportation Limited reported average TCE (Time Charter Equivalent) rates of $11,419 per day per bulk carrier. Meanwhile, in Q4 2019, Baltic Dry Index (BDI) slumped from 1,929 to 1,090. According to Jinhui Shipping and Transportation Limited, coronavirus will dramatically affect the dry bulk shipping market in 2020. Post-coronavirus recession’s negative backdrop translated to much-reduced action in the dry bulk freight market. Currently, Hong Kong-based Jinhui Shipping and Transportation Limited has a fleet of eighteen (18) bulk carriers. 27-February-2020
Bermuda registered and Hong Kong-based Jinhui Shipping is cautious as the macroeconomy remains uncertain. Oslo Stock Exchange-listed Jinhui Shipping and Transportation find it difficult to plan for the future while the global economy looks uncertain. According to Jinhui Shipping and Transportation’s vice-president Raymond Ching, the United States-China trade war is the biggest overhang that’s affecting the sentiment in the shipping business. Furthermore, there’s a general fear of a global economic slowdown, which translates to weakness in demand in the shipping industry. Jinhui Shipping and Transportation expect a volatile market in the near future for both the shipping business and the global economy. On the other hand, a low number of newbuilding orders at the Far East shipyards is going to give the shipping market strong support. Hong Kong-based shipowner and operator Jinhui Shipping and Transportation is focusing its investments in securities rather than asset plays and believes that asset play comes to an end. In June 2019, Jinhui Shipping and Transportation were forced to terminate the purchase of one of two supramax bulk carriers from Greek shipowner Chartworld Shipping. Jinhui Shipping and Transportation have been investing cash into yield enhancement securities which will provide positive cash-flows for the company. Jinhui Shipping and Transportation has reported total debt of $118 million in Q2 2019, against $90 million Q2 2018. Jinhui Shipping and Transportation opts for Low Sulfur Fuel Oil (LSFO) to meet IMO 2020 regulations instead of scrubbers. In May 2019, Greek shipowner and operator Chartworld Shipping delivered one of the supramax bulk carriers to Jinhui Shipping and Transportation, but Jinhui Shipping and Transportation was forced to cancel its purchase of the second supramax bulk carrier because Chartworld Shipping was unable to deliver supramax bulk carrier on time. Subsequently, Chartworld Shipping refunded an initial deposit of $625,000 to Jinhui Shipping and Transportation. Jinhui Shipping and Transportation has reported a net loss of $1.1 million in Q2 2019 which equates to a basic loss per share of $0.01. Jinhui Shipping and Transportation reported a net profit of $2.84 million in Q2 2018 which equates to a basic profit per share of $0.026. Jinhui Shipping and Transportation reported revenue of $14 million in Q2 2019, against $22.1 million in Q2 2018. Drop-in revenue was due to the weaker freight environment and a reduction in owned ships. In 2018, Jinhui Shipping and Transportation had a fleet of 23 and in 2019 has a fleet of 19 bulk carriers. 2-September-2019
Hong Kong and Oslo listed Jinhui Shipping and Transportation CEO Siu Fai Ng has purchased 6,947 shares and raises shareholding. CEO Siu Fai Ng spent around NOK 63,600 ($7,463) for the purchase of 6,947 shares. According to the Oslo Stock Exchange filing, CEO Siu Fai Ng paid an average price of NOK 9.16 each share. The latest transaction raised CEO Siu Fai Ng’s shareholding to 4,788,620 shares, equivalent to around 4.3% of all Jinhui Shipping and Transportation’s outstanding share capital. Besides, CEO Siu Fai Ng holds indirect stakes in Jinhui Shipping and Transportation through his majority shareholding in Jinhui Holdings and in Fairline Consultants. Jinhui Holdings and Fairline Consultants are majority shareholders in Jinhui Shipping and Transportation. Jinhui Shipping and Transportation’s shares were trading at a price of NOK 9.49 each. In early 2017, Oslo-listed Jinhui Shipping and Transportation axed bonus payments for top management following the 2016 crisis. 2017 reaction came from investors caused by the absence of dividends. Currently, Hong Kong and Oslo listed Jinhui Shipping and Transportation has a fleet of 17 supramax and 2 post-panamax bulk carriers. 18-July-2019
Singapore based ship-manager Poseidon Global Shipping has acquired supramax bulk carrier from Jinhui Shipping and Transportation Limited at the end of December 2018. Oslo and Hong Kong-listed Jinhui Shipping and Transportation Limited announced that it had sold a supramax bulk carrier for around $7 million but did not disclose the identity of the buyer at that time. Jinhui Shipping and Transportation Limited has now confirmed it sold 2001 built supramax bulk carrier 50K DWT MV Jin Zhou. MV Jin Zhou delivered to Singapore based Poseidon Global. Oslo and Hong Kong-listed Jinhui Shipping and Transportation Limited proceeds supramax bulker sales. In 2018, Jinhui Shipping and Transportation Limited sold four (4) supramax bulk carriers and another sold four (4) supramax bulk carries in 2017. Most supramax bulk carriers were built during the 2000s. Currently, Jinhui Shipping and Transportation Limited has a fleet of 18 bulk carriers. 16-July-2019
Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited scrapped a deal to acquire two (2) supramax bulk carriers from Athens-based Chartworld Shipping. Oslo Stock Exchange-listed Jinhui Shipping and Transportation canceled to buy 2001 built supramax bulk carrier 50K DWT MV Aifanourios and 2001 built supramax bulk carrier 50K DWT MV Aigeorgis due to late delivery. In April 2019, Jinhui Shipping and Transportation Limited signed a deal to acquire two (2) supramax bulk carriers from Athens-based Chartworld Shipping for around $6 million each. Hong Kong-based Jinhui Shipping and Transportation Limited stated that two (2) supramax bulk carriers deal termination would not have any substantial unfavorable effect on the financial status and operations of the company. Currently, Jinhui Shipping and Transportation Limited owns and operates nineteen (19) bulk carriers. 2-June-2019
Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited has signed an MOA (Memorandum of Agreement) to acquire two (2) supramax bulk carriers from Athens-based Chartworld Shipping. Jinhui Shipping and Transportation has not made any bulk carrier purchase since 2013. 2001 built supramax bulk carrier 50K DWT MV Aifanourios and 2001 built supramax bulk carrier 50K DWT MV Aigeorgis will be acquired for around $6 each if the deal is concluded. Currently, Jinhui Shipping and Transportation Limited owns and operates sixteen (16) supramax bulk carriers and two (2) post-panamax bulk carriers. 23-April-2019
Oslo Stock Exchange-listed and Hong Kong-based Jinhui Shipping and Transportation Limited’s chairman Siu Fai Ng increase his shares of the company. Jinhui Shipping and Transportation Limited’s chairman Siu Fai Ng purchased the company’s Oslo-listed shares for around $16,266 in total. Jinhui Shipping and Transportation Limited’s chairman Siu Fai Ng and his wife’s total shares increased to 4.8 million which is equivalent to 4.45% of the Jinhui Shipping and Transportation Limited. Furthermore, Jinhui Shipping and Transportation Limited’s Siu Fai Ng holds indirect stakes in the shipowning company through his majority shareholding in Jinhui Holdings and Fairline Consultants. Jinhui Holdings and Fairline Consultants are majority shareholders in Oslo Stock Exchange-listed and Hong Kong-based Jinhui Shipping and Transportation Limited. 17-April-2019
Oslo Stock Exchange-listed and Hong Kong-based Jinhui Shipping and Transportation Limited reported a net loss of $3 million in Q4 2018 due to the weaker dry bulk freight rate conditions. Jinhui Shipping and Transportation Limited reported a revenue of $17.7 million in Q4 2018. Bermuda registered and Hong Kong-based Jinhui Shipping and Transportation Limited’s Q4 2018 results were mainly affected by the sale of four bulk carriers. Jinhui Shipping and Transportation Limited reported an average daily TCE (Time CFharter Equivalent) rate of $9,815 per day per ship. Dry bulk shipping markets increased exceptionally at the beginning of 2018, motivated essentially by robust Chinese dry bulk imports and poor bulk carrier supply. However, dry bulk shipping market sentiment changed in Q4 2018 due to the pressure precipitated by the US-China trade war. Oslo Stock Exchange-listed and Hong Kong-based Jinhui Shipping and Transportation Limited reported a net profit of $8.7 million for the full year of 2018. 23-February-2019
Oslo and Hong Kong-listed shipowner and operator Jinhui Shipping sold handysize dry bulk carrier 2012 built 38K DWT M/V Jin Yu for $15 million. After paying debts of the vessels, balance will be added to working capital. Oslo and Hong Kong-listed shipowner and operator Jinhui Shipping has 2 post-panamax and 21 supramax dry bulk carriers. 27-April-2017
Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited sold a handysize dry bulk carrier 2012 Japan built 38K DWT M/V Jin Yu for $14.4 million for further trading. In October 2016, Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited sold 2009 built panamax dry bulk carrier 76K DWT M/V Jin Rui to Hanse Shipping Co for $10.6 million. Also in October 2016, Hong Kong-based shipowner and operator Jinhui Shipping and Transportation Limited sold other 2011 built panamax dry bulk carrier 75K DWT M/V Jin Chao to Greece based shipowner and operator Fundador Compania Naviera for $12.8 million. 10-December-2016