Jinhui Shipping & Transportation shareholders look set to miss out on the hot bulker market, after the company decided against paying a first-quarter dividend.
The lack of a payout comes despite the Oslo-listed shipowner reporting a juicy net profit of $5.2m, or almost $0.05 per share, on Friday.
This is the third consecutive quarter the company has been in the black, following profits of $766,000 in the third quarter of last year and $7.55m
