China's international shipping bulk carrier operators are expanding their scale

China's bulk carrier operator Jinhui Shipping and Transportation is expanding its fleet, securing its first long-term charter deal this year.

The Oslo-and Hong Kong-listed company, better known for its second-hand trading activities, has signed a contract with the Singapore subsidiary of Chinese company Zhejiang Shipping for at least 22 months to build the Pacific Lilly, a very large ship built in 2016.

The agreement is worth about $10 million, or $16,500 a day, and the Marshall Islands-flagged 61,452-dwt freighter will be delivered on May 8, with an option to extend the lease for another two months.

This will be the company's third charter, adding 24 bulk carriers to its portfolio following the 2021 kamsarmax Ever Shining, which was signed in December last year.

Commenting on the latest move, Jinhui said the benefit of locking in a long-term contract with a minimum rent is to bypass inflationary pressures on borrowing costs and other cost changes that the company must bear and buy the ship directly.

中国国际海运散货船运营商正在扩大规模

       中国散货船运营商(Jinhui Shipping and Transportation)正在扩大其船队，今年达成了首笔长期租船交易。

       这家在奥斯陆和香港上市的公司以二手买卖活动更为人所知。该公司与中国企业Zhejiang Shipping的新加坡子公司签订了一艘2016年建造的超大型船Pacific Lilly的合同，合同期限至少为22个月。

       该协议价值约1000万美元，相当于每日1.65万美元，这艘悬挂马绍尔群岛国旗的61452载重吨货轮将于5月8日交付，并可选择将租期再延长两个月。

       这将是该公司的第三艘租船，继去年12月签订租船合同的2021年建造的kamsarmax Ever Shining之后，该公司拥有的散货船将增加24艘。

       Jinhui在评论最新举措时表示，以最低租金锁定长期合同的好处是绕过了借款成本的通胀压力和公司必须承担的其他成本变化，直接收购该船。