Brief: Jinhui Shipping and Transportation Q3 Net Result Swings To Loss Of $2.0 Mln

Jinhui Shipping and Transportation

29/11/2019 06:40

Nov 29 (Reuters) - Jinhui Shipping and Transportation
 JINS.OL :
    * Q3 REVENUE $16.6 MILLION VS $18.3 MLN YR AGO
    * Q3 NET LOSS $2.0 MILLION VS PROFIT $6.5 MLN YR AGO
    * FREIGHT MARKET IN Q3 STRENGTHENED QUITE SIGNIFICANTLY
AGAINST A
MORE POSITIVE BACKDROP WHEN DEMAND FOR MINOR BULKS STRENGHENED
    * DRY BULK SHIPPING INDUSTRY DEMAND AND SUPPLY PICTURE
CONTINUE TO
OFFER A MORE OPTIMISTIC SIGN WITH NET NEW SUPPLY OF THE OVERALL
DRY BULK FLEET FOR 2019 AND 2020 REMAINS TO BE THE LOWEST SINCE
2000

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiVcKgca
 Further company coverage:  JINS.OL  
   


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