Jinhui Shipping & Transportation Ltd.OSL: JIN

JIN: Q2 revenue and profit surged on higher freight rates, with fleet growth and cautious outlook

· Issued by Jinhui Shipping & Transportation Ltd.

Q2 2024 saw revenue of $41M and net profit of $9M, with strong year-over-year growth in chartering revenue and TCE rates. The fleet expanded through acquisitions and charters, while management remains cautiously optimistic amid global uncertainties.

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