Jinhui Shipping & Transportation has bought a kamsarmax from Nisshin Shipping of Japan as part of its plan to modernise its fleet of bulk carriers.
The Oslo-listed bulker owner on Wednesday said it has agreed to pay $31.1m for the 81,567-dwt Vincent Trader (built 2019).
Around 70% of the purchase price will be funded with bank financing and the rest will be paid for in cash, the Hong Kong-headquartered company said.
