Hong Kong's Jinhui Shipping and Transportation is holding back on fleet renewal due to a lack of clarity over fast-moving decarbonisation regulation.
The 18 supramaxes and post-panamaxes that the Oslo-listed company controls were built between 2002 and 2012.
Vice president Wei Man Ching told analysts on a conference call: "Why are we not rejuvenating our fleet? Well, we do not have the full confidence right now of how the regulations of vessels will trend.
