Jinhui continues clearout of older supramaxes

Chinese bulker operator Jinhui Shipping and Transportation has sold another veteran supramax as it eyes younger tonnage. The Oslo- and Hong Kong-listed firm has offloaded the 52,050 dwt Jin Sheng to Uniglory Shipping for about $10.4m. The 2006 IHI-built ship which Jinhui purchased for $40.4m in 2006, is expected to change hands by January 25, …

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