Jinhui Shipping to acquire three bulk carriers for $99.15m

Jinhui Shipping and Transportation Limited's wholly-owned subsidiaries entered into three separate shipbuilding contracts on September 30, 2025, for the acquisition of three 64,500 metric tonne deadweight bulk carriers. The total contract price for the three vessels is $99,150,000. The vessels are expected to be delivered on or before January 31, 2028, February 29, 2028, and March 31, 2028, respectively.

The acquisitions align with the Group's strategy to renew its fleet with modern, fuel-efficient, and high-quality vessels. The company plans to fund approximately 70% of the total contract price through bank financing, with the remainder covered by internal resources. The vessels will be chartered out to third parties to generate recurring income, expanding the Group's current fleet of twenty-nine vessels.

The seller, Jiangmen Nanyang Ship Engineering Co., Ltd., will construct the vessels, which will include specific clauses for price adjustments, refund guarantees, and independent classification surveyor supervision at each installment stage. The acquisitions are conditional upon Jinhui Holdings' shareholders approving the transactions.