Hong Kong owners continue to offload vessels this week. Jinhui Shipping & Transportation has just offloaded the 50,800dwt bulker Jin Hui for about US$3m.

The elderly workhorse has been on the sales block together with its sister ship, the 16 year old Jin An. However, after failed attempts to sell the vessels as a pair, Jinhui had to give up and sell them separately.

The sale mirrors another Hong Kong bulker specialist, KC Maritime, who is also attempting to offloaded a pair of its oldest ships.