The Oslo Stock Exchange-listed dry bulk shipowner Jinhui Shipping & Transportation (Jinhui), through its subsidiary companies Jinhan Marine Inc. and Jinming Marine Inc., has signed a newbuilding contract for two 63,500-dwt ultramax dry bulk carriers.

The two newbuilding’s ordered by Jinhui are being built at the Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Co. Ltd. and are scheduled for delivery on or before 31st December 2026 and on or before 30th November 2027, respectively.

Jinhui states in its Stock Exchange release, that the newbuild bulk carriers have been ordered at a price of $34 million each.

It is currently expected that approximately 70% of the purchase price of the vessel will be funded by bank financing, and the remaining will be funded by internal resources of the Group.