Jinhui Shipping & Transportation (Jinhui) through its subsidiary Jinbi Marine sealed a memorandum of agreement on December 2 for the disposal of a supramax at a consideration of $14,400,000.
The bulk carrier Jin Bi is a supramax of deadweight 56,361 metric tonnes, built in 2012, and registered in Hong Kong.
The purchaser of the vessel Xing Le Investments Limited is a company incorporated in Hong Kong and is principally engaged in shipping operations.
The vessel which has been owned by the Group since 2012 will be handed over to its new owner between 15 December 2025 and 30 January 2026.
The company said the disposal of the vessel is in line with the ongoing strategy of the group to optimize its vessel fleet by maintaining a well-balanced portfolio of the vessel fleet and reduce its operational risk exposures in current volatile markets.
“The disposal of the vessel will enable the Group to enhance its working capital position and further strengthen its liquidity and overall financial position,” reads the statement.
The group currently operates twenty-six vessels, of which twenty are owned vessels (including the Jin Bi) and six are chartered-in vessels, with total deadweight carrying capacity of approximately 2 million metric tonnes.
Jinhui operates a diversified fleet of dry bulk vessels, comprising capesize, panamax, ultramax, and supramax bulk carriers.
