Jinhui Shipping offloads bulker to Heng Fa Shipping for $14.6m

Jinhui Shipping and Transportation Limited through its wholly-owned subsidiary, Jinxing Marine Inc, entered into a memorandum of agreement on October 14 for the disposal of a bulk carrier at consideration of US$14,600,000.

The 55,496 metric tonnes bulk carrier Jin Xing (2007-built) registered in Hong Kong will be delivered to its new owner, Heng Fa Shipping Co., Limited, between 20 October and 30 November.

The purchaser Heng Fa Shipping Co., Limited, is principally engaged in ship owning and operation. The bulk carrier will be delivered to the purchaser on a free from charter basis.

The vessel has been owned by the Group since 2007, and its unaudited net book value as at 31 August 2026 was approximately US$7,864,000.

The company said