Jinhui Shipping & Transportation has moved quickly to replace an elderly supramax it agreed to sell last week.
The Oslo and Hong Kong-listed owner said it has signed a deal to acquire the 63,800-dwt ultramax Hanton Trader III (built 2014) for $20.43m.
Delivery will take place between 16 October and 10 November from Vega Maritime of the United Arab Emirates, a company controlled by Kenneth Fjeld and GV Surajh.
