Jinhui orders bulker newbuild in China as fleet renewal push rolls on

Jinhui Shipping & Transportation (Jinhui) through its wholly-owned subsidiary Jinfeng Marine Inc. has placed an order in China for a 64,500-dwt bulk carrier priced at $33.45m.

The Hong Kong-based bulker owner has sealed a deal with Jiangmen Nanyang Ship Engineering in China on December 9.

The vessel will be delivered to its new owner on or before 31 October 2028.

The company said that the contract price of the vessel will be payable by cash in US dollars. It is currently expected that approximately 70% of the contract price will be funded by bank financing and the remaining will be funded by internal resources of the Group.

Jinhui said the move is consistent with the Group’s ongoing strategy to renew