The Oslo and Hong Kong-listed bulker owner saw net income of $608,000 versus the $1.08m seen in the corresponding quarter in 2013.
Revenue came in at $38.4m against the $54.6m seen in the second quarter of last year. Operating costs were down just over 15% to $25.8m.
A year-on-year decline of 22% in the time charter equivalent (TCE) for Jinhui’s supramax fleet contributed to the decline in its results.
Supramax
