Strategies and Business Profile

Jinhui Shipping is one of the world's largest, focussed grabs fitted Supramax owners offering high quality marine transportation services. It expands its modern and high quality fleet of dry bulk carriers through well-planned and timely acquisition and chartering of vessels.

Jinhui Shipping was incorporated with limited liability in Bermuda on 16 May 1994. Following a reorganization in June 1994, the Company became the immediate holding company of the shipping and investment group. Since 1994, Jinhui Shipping's shares have been trading under a full listing on the Oslo Stock Exchange (stock code: JIN).

The major shareholder of the Company is Jinhui Holdings Company Limited which holds approximately 55.69% interests in the Company.


The Group operates a diverse fleet of dry bulk carriers, encompassing a wide range of sizes from Supramax to Capesize. The Group believes that operating a versatile and diverse fleet could bring significant economic benefits to the Group. The Group will focus on taking decisive actions when opportunities arise, while maintaining a strong financial position and moderate leverage, as well as adjusting our fleet profile and size in a flexible and responsive manner. We will focus further on prudence and stability as our core objectives going forward and seek to be a preferred vessel provider for customers.

On the commercial side, our strategy is to maintain a flexible chartering policy to achieve an optimal balance between longer term time charterparties which generate a robust cash inflow, and spot exposure which allows the Group to take advantage of any upside in future charter rates. We will also further boost up our risk management efforts with the objective to minimize potential counterparty risks.

The objectives of Jinhui Shipping are set out in its Memorandum of Association, which include the businesses of, inter alia:

  • acting and performing all the functions of a holding company;
  • acting as ship owners, managers, operators and agents; and
  • acquiring, owning, selling, chartering, repairing or dealing in ships.

Shipping Business

The Group's shipping activities began in the mid 1980's, principally in the form of chartering dry bulk carriers worldwide. The Group masterminds a meticulous and complex shipping operation linking suppliers with end users around the world. Its chief task is to identify the exact requirements of customers and use suitable vessels to carry bulk cargoes for specific voyages or periods of time.

The Group operates a modern fleet of dry bulk carriers which are either used for carrying cargoes or time chartered-out to other shipping operators whichever is expected to bring a higher economic benefit to the Group.

The key success factors in the ship chartering business are timing, performance and relationship. Ship charterers have to know their customers and suppliers well, building up mutual trust and respect. It is in this important area that the Group has always excelled, helping to cement contracts and maintain reasonable business flow even during difficult periods when the economy is weak.

It is the Group's policy to comply with all applicable environmental rules and regulations in its shipping operations as well as in its daily working environment to avoid the emission of noxious liquids into the environment. The Group’s owned vessels are well maintained and we place great emphasis on the operation in compliance with safety and environmental laws and regulations including but not limited to ISM Code, ISPS Code, MARPOL and other applicable rules regulated by IMO. We ensure all crew on board are trained and certificated in accordance with STCW Convention. Our owned vessels are also subject to the laws, regulations and rules of each country and port they visit. We have developed policies and procedures intended to ensure our compliance with these laws, regulations and rules. With the increasing attention towards environmental issues in the shipping industry, we are committed to operate our business in an environmentally and socially responsible manner, heading to the target of decarbonization.

As at 31 December 2023, the Group had twenty three owned vessels, one chartered-in vessel and 544 crew employed on board.