Jinhui Shipping and Transportation has signed memoranda of agreement for the purchase of two supramax bulk carriers from Greece's Chartworld Shipping.

The Kollakis-led shipowner has agreed to sell the 50,220-dwt Aifanourios (built 2002) and the 50,354-dwt Aigeorgis (built 2001) to Jinhui for $6.25m and $5.75m respectively, the Hong Kong-based shipowner said in an exchange filing on Tuesday.

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This is Jinhui's first vessel acquisition since September 2013, according to VesselsValue.com