Jinhui keeps up fleet renewal push with another ultramax newbuild

Jinhui Shipping and Transportation has added another ultramax to its growing newbuild programme in China, returning to Jiangmen Nanyang Ship Engineering for a 64,500 dwt bulker priced at $33.45m. The Oslo-listed, Hong Kong-based owner placed the order only months after committing $99.15m at the same yard for three sister vessels of identical specification, all slated …

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