Brief: Jinhui Shipping says talking to lenders to maximise liquidity

Jinhui Shipping and Transportation

29/02/2016 05:06

Feb 29 (Reuters) - Jinhui Shipping and Transportation 
 JINS.OL  said: 
    * Q4 revenue $20 million versus $30 million year ago 
    * net loss for quarter of $338 million included non-cash 
impairment loss on owned vessels of $325 million, vs loss $68 
million in Q4 2014 
    * gearing ratio as at 31 December 2015: 47% 
    * Jinhui shipping and transportation says won't pay any 
dividend to shareholders for 2015 
    * Jinhui says in discussions with lenders to seek support 
to maximise liquidity position 
    * says objective is to be one of the survivors coming out of 
the current dry-bulk shipping crisis and remain a preferred 
vessel provider 
 
 
Source text for Eikon:  ID:nHKS32fYGX  
Further company coverage:  JINS.OL  
 
 (Reporting By Terje Solsvik) 
 ((terje.solsvik@thomsonreuters.com;))