Jinhui keeps ultramax ordering spree rolling

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Jinhui Shipping and Transportation has ordered two additional ultramax bulk carriers from Jiangmen Nanyang Ship Engineering, expanding its newbuilding program to 14 vessels. The two 64,500 dwt ships are priced at $71.4 million total, with the first delivery expected by the end of the year.

Jinhui Shipping and Transportation has returned to Jiangmen Nanyang Ship Engineering for another pair of ultramax bulkers, taking its newbuilding programme in the segment to 14 ships. The Oslo- and Hong Kong-listed owner is paying $35.7m each, or $71.4m in total, for the two 64,500 dwt vessels. The first is due by the end of …