Jinhui Shipping and Transportation has added another ultramax to its growing newbuild programme in China, returning to Jiangmen Nanyang Ship Engineering for a 64,500 dwt bulker priced at $33.45m.
The Oslo-listed, Hong Kong-based owner placed the order only months after committing $99.15m at the same yard for three sister vessels of identical specification, all slated for delivery in the first quarter of 2028. The latest unit is expected to join the fleet on or before end-October 2028.
Jinhui said the move fits its long-term plan to replace ageing tonnage with larger, modern and fuel-efficient vessels. The company noted that the supply of high-quality, young second-hand bulkers with suitable specs and workable delivery windows has tightened, pushing the owner toward fresh newbuildings that meet the latest regulatory standards and allow for tailor-made design features.
Once delivered, the vessel will be employed on third-party charters. The group currently operates 25 vessels — 19 owned and six chartered in — with a combined capacity of around 2m dwt. Two of the owned units are under sale-and-leaseback structures.
The four-ship ultramax series at Jiangmen Nanyang follows two earlier 63,500 dwt orders at Jiangsu Hantong Ship Heavy Industry worth $68m, due in late 2026 and late 2027. Taken together, the six newbuildings underline Jinhui’s drive to modernise its fleet with younger, larger tonnage. The company has also been active on the disposal side, selling 11 older supramaxes this year as part of one of its most intensive fleet reshaping phases to date.
