en.Wedoany.com Reported - Jinhui Shipping and Transportation, an Oslo-listed dry bulk carrier owner, announced that it has ordered two new vessels from China's Jiangmen Nanyang Ship Engineering Co., Ltd.

The two orders were executed by two subsidiaries of Jinhui, with each vessel priced at $34.15 million (approximately HK$266.37 million).

According to the company's disclosure, the total contract price for the two vessels is $68.3 million (approximately HK$532.74 million). Both vessels are scheduled for delivery on or before December 31, 2030. The two vessels share the same specifications, though details on deadweight tonnage and other particulars have not been disclosed.

Jinhui stated that this order aligns with its ongoing fleet renewal strategy, which aims to build a modern, larger, and high-quality fleet by gradually phasing out older vessels and replacing them with newer, younger ships.

The company explained that the availability of suitable newer modern vessels on the second-hand market fluctuates over time, and it is currently unable to find high-quality, newer second-hand vessels with appropriate specifications, favorable delivery timelines, and reasonable pricing.

Upon delivery, the two vessels will be chartered to third parties for dry bulk cargo transport.

Jinhui currently operates 21 vessels, including 18 owned and 3 chartered, with a total cargo capacity of approximately 1.7 million deadweight tons.

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