The Oslo and Hong Kong-listed shipowner said the forecast was based on a preliminary review of the unaudited consolidated management accounts.
Jinhui Shipping, which said 2014 was a challenging year for dry bulk shipping market, will report its results in late February.
“The expected consolidated net loss for the year 2014 would be primarily attributable to the reduced hire and freight revenue due to substantial exposure to spot freight market, coupled with unrealized loss on investment portfolio and possible impairment loss on certain owned vessels,” Jinhui said.
“Just
