Jinhui Shipping invests in two ultramaxes

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Jinhui Shipping and Transportation has acquired two 2014-built ultramaxes from Nisshin Shipping at a price of approximately 25.37m each.

The 63,518 dwt Western Santos will deliver to Jinhui’s subsidiary Jinheng Marine by the end of 2022.

Delivery of the 63,469 dwt Hanton Trader I to another subsidiary, Jinchao Marine, should occur by November 30.

Both vessels were built at Jiangsu Hantong in China and will deliver on a free from charter basis.