Jinhui seals double newbuild leaseback

Jinhui Shipping and Transportation has secured up to $36m through sale-and-leaseback deals covering two ultramax bulk carriers under construction in China. The Oslo- and Hong Kong-listed owner has agreed to sell the two 64,500 dwt newbuildings to separate leasing vehicles for up to $18m each before bareboat chartering them back for periods of up to … Read full article →