Jinhui Sells Bulk Carrier to Aigaion

Jinhui

Hong Kong-based shipping company Jinhui Shipping and Transportation Limited has entered into a memorandum of agreement (MoA) to dispose of its Panamax bulk carrier, the Jin Chao, at a consideration of USD 12.8 million.

The 78,008 dwt vessel will be delivered to Aigaion Shipholding Company Limited based in the Republic of the Marshall Islands between October 17 and November 30, 2016, Jinhui said.

Jinhui will use the net sale proceeds for the repayment of vessel mortgage loan and as general working capital of the group.

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