Hong Kong's Jinhui Shipping and Transportation is logging a modest profit from selling a supramax.

It said the 51,000-dwt Jin Quan (built 2002) is going to Boa Fortune Shipping of Hong Kong for $6.9m.

Jinhui has owned the ship since 2007 and it has a book value of $6.52m.

It estimated the gain from the deal at $0.22m.

The bulker made a profit of $0.225m