Oslo-listed Jinhui Shipping and Transportation has announced the order of two new dry bulk vessels from Jiangmen Nanyang Ship Engineering, a shipyard based in China. The orders, placed through two of Jinhui's subsidiaries, are individually priced at $34.15 million. This brings the total contract value for both vessels to $68.3 million.
For freight forwarders and operations managers, this development signals a potential increase in dry bulk capacity in the future. While these vessels are still under construction, their eventual deployment will contribute to the overall global dry bulk fleet. This could influence freight rates and vessel availability for bulk commodities, potentially offering more options for shippers in the long term.
