Jinhui Back In Buying Mode

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  • Jinhui’s decision to sell the 2004-built supramax Jin Cheng for $13.9m, pocketing some $6m on the sale.
  • The Chinese bulker operator is now linked to one more deal, taking a ship from Japan’s Nisshin Shipping.
  • VesselsValue lists 26 ships in the Jinhui fleet, with 13 of them bought since 2019.

As per a recent report by Splash, Jinhui shipping is back in buying mode.

Jinhui is back in buying mode

A week after a fine asset play Jinhui Shipping is back in buying mode.

Splash reported earlier this month on Jinhui’s decision to sell the 2004-built supramax Jin Cheng for $13.9m, pocketing some $6m on the sale.

The Chinese bulker operator is now linked to one more deal, taking a ship from Japan’s Nisshin Shipping. Brokers report Jinhui is paying $26m for the 2014-built ultramax, Hanton Trader II.

Vessel value and last purchase

VesselsValue lists 26 ships in the Jinhui fleet, with 13 of them bought since 2019, many of which can easily be sold at higher prices given today’s buoyant market conditions.

Jinhui’s last purchase was in December when it added two 10-year-old supramaxes.

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Source: splash

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