Jinhui Shipping & Transportation has offloaded its third 16-year-old supramax in the last two months.

The company sold the 50,236-dwt Jin Rong (built 2000) to Hong Kong-based Hesheng Shipping for $3.4m.

It follows the sale of two similar Jinhui ships for $3.4m and $2.95m respectively.

The value of the deal is in line with VesselsValue's price tag on Jin Rong.

As TradeWinds reported last week, a Japanese-built supramax was sold last week for $9.5m.

Jinhui,