Brief: Jinhui shipping Q4 net result $-68 million

Jinhui Shipping and Transportation

27/02/2015 05:31

Feb 27 (Reuters) - Jinhui Shipping And Transportation Ltd 
 JINS.OL  
    * 68 million included non-cash impairment loss on owned 
vessels of us$51 million ($-3 million) 
    * Says 2014 was a challenging year, especially in the latter 
half of the year, and we expect 2015 will be even tougher 
    * Says with slowing supply growth, healthy demand growth 
expectation and increasing scrapping activities, we are 
cautiously optimistic on the rebalancing of seaborne tonnes the 
next couple of years and expect a stronger market going forward 
 
Source text for Eikon:  ID:nObiXnDwWa  
Further company coverage:  JINS.OL  
 
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 ((balazs.koranyi@thomsonreuters.com;))