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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.

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