Jinhui Holdings Company Limited

What Jinhui Holdings Company Limited does

Jinhui Holdings Company Limited is a Hong Kong-incorporated investment holding company listed on the main board of the Hong Kong Stock Exchange (stock code: 137) since 6 December 1991. Its subsidiaries are principally engaged in ship chartering, ship owning, trading and investments, with worldwide shipping operations conducted through its approximately 55.69%-owned subsidiary Jinhui Shipping and Transportation Limited, which is separately listed on the Oslo Stock Exchange (stock code: JIN) since October 1994. The Group was founded in 1987 by Ng Siu Fai and Ng Kam Wah Thomas and remains under family control through three brothers on the board.

The Group operates a modern fleet of dry bulk carriers ranging from Supramax to Capesize (approximately 55,000 to 181,000 DWT), with 18 owned vessels and 432 seafarers as of 31 December 2025. Vessels are equipped with energy-efficient technologies including propeller boss cap fins, propeller duct, silicon anti-fouling paints, and de-rated main engines, and the Group has completed fleet-wide installation of Ballast Water Treatment Systems and implemented EEXI Engine Power Limitation and SEEMP Part III in compliance with IMO regulations. A newbuilding program of twelve vessels (63,500–64,500 MT DWT) with deliveries from 2026 to 2030 is in place, supplemented by long-term chartered-in vessels.

The business operates a B2B model with two primary revenue streams: (i) ship chartering — combining time charterparties for stable cash flow with spot exposure for upside — and (ii) ship owning, which generates transaction-based revenue from specific voyages. A third, smaller stream covers trading and investments. GTM is enterprise field sales via direct charter party agreements with customers requiring marine transportation of dry bulk commodities (iron ore, coal, grain) across international routes. There is no public pricing; rates are negotiated bilaterally based on vessel type, duration, and cargo. Multiple Very Substantial Acquisitions of vessels across 2024–2026 indicate an active fleet-build-out strategy.

Name

Jinhui Holdings Company Limited

Legal name

Jinhui Holdings Company Limited

Website

https://jinhuiship.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Jinhui Holdings is a Hong Kong-listed investment holding company (HKEX: 137) whose 55.69%-owned subsidiary Jinhui Shipping (Oslo: JIN) operates worldwide ship chartering and ship owning using a modern fleet of 18 Supramax-to-Capesize dry bulk carriers, serving customers transporting iron ore, coal, grain, and other bulk commodities.

Ownership category

akta.pro rank

Product category

Dry Bulk Shipping Services

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

akta.pro secondary industry

Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)

Keywords

• Dry bulk shipping
• Ship chartering services
• Marine transportation
• Ship owning operations
• Vessel fleet management

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Ship Chartering: The Group operates a modern fleet of dry bulk carriers used for carrying cargo or time chartered-out to other shipping operators. They maintain a flexible chartering policy balancing longer term time charterparties which generate robust cash inflow with spot exposure for upside in future charter rates.
2. Ship Owning: The Group owns vessels used for worldwide shipping activities, transporting bulk cargoes for specific voyages or periods of time.
3. Trading and Investments: The Group is engaged in trading and investments activities beyond core shipping operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Jinhui Holdings Company Limited operates as an investment holding company engaged in ship chartering, ship owning, trading and investments through its approximately 55.69% owned subsidiary, Jinhui Shipping and Transportation Limited. The Group owns and operates a modern fleet of 18 dry bulk carriers ranging from Supramax to Capesize vessels, providing worldwide marine transportation of bulk commodities such as iron ore, coal, and grain under both voyage and time charter arrangements.

Product overview

Jinhui Holdings Company Limited operates as an investment holding company in the shipping industry. Through its 55.69% owned subsidiary Jinhui Shipping and Transportation Limited, the Group provides dry bulk carrier transportation services encompassing ship chartering, ship owning, and ship management. The core offering is marine transportation via a modern fleet of dry bulk vessels ranging from Supramax to Capesize sizes, complemented by long-term chartered-in vessels and an expanding newbuilding program featuring fuel-efficient, environmentally compliant vessels expected to be delivered through 2030. The company also offers comprehensive ship management services including operations, crew management, and regulatory compliance. All vessels are operated in compliance with international maritime standards including ISM Code, ISPS Code, MLC Code, MARPOL, and STCW Convention.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Chartering Services Chartering dry bulk carriers worldwide, providing marine transportation services that link suppliers with end users for cargo movement across international routes under voyage or time charterparty arrangements.
• Ship Owning Operations Ownership and deployment of a modern fleet of 18 dry bulk carriers ranging from Supramax to Capesize sizes, used for worldwide shipping activities and transporting bulk cargoes for specific voyages or periods of time.
• Ship Management Services Comprehensive management of vessel operations including technical management, commercial management, crew management, and compliance with international safety and environmental regulations (ISM Code, ISPS Code, MLC Code, MARPOL, STCW).

Quantifiable outcome

• Fleet EEOI decreased by about 20.7% in 2025 compared to 2024 (from 9.48 to 7.52 grammes CO2/MT.Mile)
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eurodry: Greek dry bulk owner of Kamsarmax, Panamax, Ultramax, and Supramax vessels. Direct competitor in the dry bulk shipping space with a similar fleet mix and global chartering strategy.
• Diana Shipping: Greek dry bulk owner-operator with fleet of Capesize, Kamsarmax, Panamax, and Ultramax vessels. Comparable in core business (time charter-led dry bulk shipping), though generally larger vessels than Jinhui's Supramax-focused fleet.
• Genco Shipping & Trading: US-listed dry bulk owner-operator with a diversified fleet of Capesize, Ultramax, and Supramax vessels. Comparable in fleet composition and chartering strategy including mix of time charter and spot exposure.
• Safe Bulkers: Greek-Monegasque dry bulk owner focused on Panamax, Kamsarmax, Capesize, and Post-Panamax vessels. Direct competitor in dry bulk shipping with similar global chartering model and public listing.
• Pacific Basin Shipping: Hong Kong-listed dry bulk owner-operator focused on Supramax/Handysize, with a similar chartering mix and global operating footprint. Direct competitor in the same Supramax niche with comparable customer base and dual time charter / spot exposure.
• Grindrod Shipping: Singapore-listed dry bulk and tanker owner with a smaller Supramax/Handysize fleet. Comparable in sub-segment focus and Asian operating base, though smaller in scale.
• Golden Ocean Group: John Fredriksen-controlled dry bulk shipping company with Capesize and Panamax fleet. Comparable in terms of public listing, global operations, and exposure to dry bulk cycle, though with larger Capesize skew.
• Eagle Bulk Shipping: US-listed dry bulk owner-operator with a pure-play Supramax/Ultramax fleet — the closest direct comparable to Jinhui's larger-Supramax focus. Both target the same global charterer base and sub-segment of the dry bulk market.
• Star Bulk Carriers: Major global dry bulk owner with a fleet of Newcastlemax/Capesize/Ultramax/Supramax vessels. Closest direct peer in business model, fleet composition (incl. Supramax focus), and global chartering operations.

Others

• BW LPG / Avance Gas: Major LPG tanker owners (George Economou-controlled). Adjacent maritime shipping peer with similar Oslo-listed profile and public-disclosure structure, useful comparison for valuation benchmarking in the Norwegian shipping capital market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jinhui-holdings-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jinhui Holdings Company Limited