Jinhui Marine Inc., a subsidiary of Oslo Stock Exchange listed Jinhui Shipping and Transportation Ltd, has announced that it has taken a newcastlemax bulk carrier on time charter.

The M/v “True Neptune” is a 207,672 mt dwt bulk carrier built 2017 flying the Liberian flag, and she has been taken by Jinhui Marine inc. on 33-36 months’ time charter from the ship operator Olam Maritime Freight Pte. Ltd., Singapore.

Delivery of the vessel is expected to be between 1st January 2025 and 31st March 2025, and as reported by the company the daily hire rate is USD 31,500 with 3.75% address commission.