Jinhui Shipping Places $68.3m Order for Dry Bulk Newbuilds at Chinese Yard

## Jinhui Shipping Expands Fleet with Dual Newbuild Order in China Oslo-listed dry bulk owner **Jinhui Shipping and Transportation** has committed to a pair of newbuild vessels at China-based **Jiangmen Nanyang Ship Engineering**, in a move that underscores continued owner appetite for fleet renewal despite ongoing market uncertainty in the dry bulk sector. According to Splash247, the two orders were placed through separate Jinhui subsidiaries, with each vessel priced at **$34.15 million** (approximately HKD 266.37 million), bringing the combined contract value to roughly **$68.3 million**. The announcement adds Jinhui to a growing list of dry bulk operators investing in Chinese shipyard capacity, as yards across China continue to attract orders amid competitive pricing and relatively stable delivery slots compared to South Korean counterparts. ### Fleet Strategy and Market Context Jinhui Shipping has historically maintained a focus on the Supramax and Handysize segments, and the newbuild commitment signals the company's confidence in medium-to-long-term dry bulk demand fundamentals. The dry bulk market has experienced considerable volatility in recent years, shaped by fluctuating commodity trade flows, port congestion cycles, and evolving environmental regulations under the IMO's Carbon Intensity Indicator (CII) framework. Investing in modern tonnage offers operators a dual advantage: newer vessels typically deliver improved fuel efficiency, supporting compliance with tightening emissions standards, while also commanding stronger charter rates in a market increasingly attentive to environmental credentials. Jiangmen Nanyang Ship Engineering, located in Guangdong Province, has been an active participant in the dry bulk newbuild market, catering to mid-tier owners seeking cost-effective construction solutions. ### Broader Newbuild Trend The order is consistent with a broader industry trend of dry bulk owners locking in newbuild contracts as steel prices and shipyard order books remain in flux. With global shipyard capacity under pressure from a surge in LNG carrier, container ship, and tanker orders, dry bulk operators have been moving to secure berths ahead of potential slot shortages. Full details of the vessel specifications, including size class and anticipated delivery dates, were not disclosed in the initial announcement. Jinhui Shipping is expected to provide further information through its regulatory filings on the Oslo Stock Exchange. *Source: Splash247*