Dry bulk crisis brings Jinhui a deficit in 2014
Hong Kong-based dry bulk carrier Jinhui Shipping finished 2014 with a massive deficit, following a 2013 with positive numbers. The general decline on the dry bulk market along with the development in the Chinese commodity market have impacted the result, the carrier writes in the annual report.
BY LOUISE VOGDRUP-SCHMIDT
Bad omens have come true for Jinhui Shipping. The dry bulk carrier, based i Hong Kong and listed on the Oslo Stock Exchange, released a profit warning just a few days into the new year, warning of a deficit in the 2014 result. Today the carrier published the large deficit with the release of the annual report 2014.
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