Jinhui Shipping & Transportation has sold another ageing supramax as it continues to refresh its fleet.
The Oslo-listed, Hong Kong-based owner confirmed it has agreed to divest the 2012-built 56,361 dwt Jin Bi in a $14.4m deal with Hong Kong buyer Xing Le Investments. Delivery is scheduled between December 15, 2025, and January 30, 2026.
Jinhui said the vessel will be handed over free of charters, mortgages and maritime liens. The supramax, owned by the group since newbuilding delivery, carried an unaudited net book value of about $13.2m at the end of October, meaning the sale will generate a book gain of roughly $1.2m.
The sale marks the latest step in an active clean-up of Jinhui’s fleet. The company has been steadily offloading older supramaxes throughout the year while moving toward modern eco-design tonnage. Recently, it placed a $99m order for three ultramax newbuildings at Jiangmen Nanyang Ship Engineering.
Jinhui currently controls 26 vessels – 20 owned and six chartered-in – including units under sale-and-leaseback and those earmarked for disposal. Taken together with recent sale-and-leaseback deals and the latest divestment, the owner has now sold 11 bulkers, making this one of its busiest periods of fleet reshaping.
