Jinhui Shipping and Transportation has carded another quarterly loss despite the improvement in rates seen during the quarter.
The Oslo and Hong Kong-listed supramax specialist lost just $800,000 in the second quarter, according to figures released this morning.
Revenue jumped by over 26% year-on-year to $18.9m, while ship operating costs fell by almost one quarter to $10.7m.
The shipowner’s revenue boost was helped by a 72% jump in the average daily time charter equivalent (TCE) earned by its ships of $8,231.
