Jinhui Shipping & Transportation (Jinhui) through its wholly-owned subsidiary Jinfeng Marine Inc. has placed an order in China for a 64,500-dwt bulk carrier priced at $33.45m.

The Hong Kong-based bulker owner has sealed a deal with Jiangmen Nanyang Ship Engineering in China on December 9.

The vessel will be delivered to its new owner on or before 31 October 2028.

The company said that the contract price of the vessel will be payable by cash in US dollars. It is currently expected that approximately 70% of the contract price will be funded by bank financing and the remaining will be funded by internal resources of the Group.

Jinhui said the move is consistent with the Group’s ongoing strategy to renew the fleet with modern, larger and high-quality vessels, by gradually phasing out its older vessels and replacing them with newer and younger vessels.

Once delivered, the vessel will be chartered out to third parties.

The Group currently operates a fleet of twenty-five vessels, of which nineteen are owned vessels and six are chartered-in vessels, with total deadweight carrying capacity of approximately 2 million metric tonnes. Among the owned vessels were two that have been arranged under sale and leaseback agreements.

Last week, Jinhui through its subsidiary Jinbi Marine sealed a memorandum of agreement for the disposal of a supramax at a consideration of $14,400,000.

The bulk carrier Jin Bi is a supramax of deadweight 56,361 metric tonnes, built in 2012, and registered in Hong Kong.

The purchaser of the vessel Xing Le Investments Limited is a company incorporated in Hong Kong and is principally engaged in shipping operations.

The vessel which has been owned by the Group since 2012 will be handed over to its new owner between 15 December 2025 and 30 January 2026.