Jinhui portends significant third quarter deficit

Oslo-listed Jinhui Shipping and Transportation expects to book a significant consolidated deficit in the third quarter, informs management ahead of the dry bulk carrier's third quarter interim report.

It will not be pretty when Hong Kong-based dry bulk carrier Jinhui Shipping and Transportation publishes its results for the third quarter and the first nine months of the year, the carrier's board of directors informs the Oslo Stock Exchange, where the company is listed, in a preliminary evaluation of the quarter.

"The company is expected to record a significant increase in consolidated net loss for the third quarter and nine months ended 30 September 2015 as compared to the  corresponding quarter and period in 2014," says the board of directors.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sovcomflot divests from sanctioned tanker fleet

Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.

Further reading

Related articles

Latest news

See all jobs