ShippingWatch

Jinhui Shipping exits worst quarter of year

Oslo-listed Jinhui Shipping lost USD 32 million in the third quarter, which thus finished as the worst periods so far this year.

Dry bulk carrier Jinhui Shipping and Transportation, which is listed on the Oslo Stock Exchange, suffered a net deficit of USD 32 million in the third quarter.

For the first nine months of the year, the interim report, published Monday morning, shows a deficit of USD 40 million along with a decline in revenue of 35 percent so far.

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs