- CEO
- Kam Wah Ng
- Full Time Employees
- 68
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Yardley Commercial Building Hong Kong Hong Kong
- IPO Date
- Oct 24, 1994
- Business
- Jinhui Shipping and Transportation Limited is a Bermuda-registered, Hong Kong-based investment holding company primarily engaged in the ownership, chartering, and management of dry bulk vessels. Founded in 1987 and listed on the Oslo Stock Exchange since 1994, the company operates a modern fleet comprising approximately 25 owned vessels and 8 chartered-in vessels, including handysize, supramax, and panamax dry bulk carriers with a total carrying capacity exceeding 2 million metric tons. Its core products and services encompass ship owning, ship chartering, ship management, shipping agency services, money lending, and property investment activities, serving global markets with operations across China, Singapore, Japan, Norway, the United Arab Emirates, South Korea, and Switzerland.
In recent years, Jinhui Shipping has pursued an active fleet renewal strategy focused on acquiring newer, efficient vessels while disposing of older ones to maintain competitiveness and lower average fleet age. Notably, in 2024, the company contracted the acquisition of multiple vessels, including a 2012-built Capesize and a 2019-built Panamax, alongside two newbuild Ultramax vessels scheduled for delivery in 2026 and 2027. This fleet expansion and renewal coincided with a significant rebound in dry bulk market freight rates, resulting in a doubling of revenue to approximately $115 million for the first nine months of 2024 and a return to profitability with consolidated net profit of $18.8 million over the same period. The company has also reported improved earnings performance in 2025, achieving a nine-month net profit of $15 million despite a slight contraction in chartering revenue attributed to a reduced fleet size.
Jinhui Shipping's strategy emphasizes reliability, integrity, and teamwork, supported by a highly experienced ship management team and reliable crew. It focuses primarily on the dry bulk shipping sector, providing transportation services for commodities while expanding fleet capacity through acquisitions and charter-in arrangements. The company operates under the majority ownership of Jinhui Holdings Limited and maintains its headquarters in Hong Kong. Its recent operational developments highlight a robust commitment to fleet modernization and optimization, aligning with global market demand trends for dry bulk marine transportation services.