Oslo-listed Jinhui Shipping & Transportation has clinched a third bulker charter in less than a month.

The company said it is bringing in the 61,000-dwt ultramax Xing He Hai (built 2016) for between 20 and 23 months.

Delivery is set for May or June, with the rate set at $16,250 per day, plus an address commission of 3.75%.