Jinhui Shipping and Transportation has reported a fourfold increase in losses in the second quarter on the back of weaker freight rates.
The Hong Kong and Oslo-listed supramax specialist lost $5.29m for the period, compared with a $1.15m loss a year earlier, figures released on Tuesday showed.
The Ng Sui Fai-led bulker owner saw revenue slide 39% year on year to $8.5m
