Chinese bulker owner Jinhui Shipping and Transportation has announced the sale of 75,583dwt panamax bulker Jin Rui for US$10.6m.

The 2009-built vessel is scheduled for delivery to the new owner, Marshall Islands-incorporated Hanse Shipping Co., between Oct. 10 and Nov. 30.

Junhui said that around 80% of the proceeds will be used to repay the vessel's loan and the remainder for the general working capital of the group.

This latest sale follows the disposal of 2011-built panamax bulker Jin Chao last week for US$12.8m.

Last month, Jinhui Shipping sold two supramax vessels, Jin Han and Jin Ming, to Tufton Oceanic for a total of US$28.5m. It also sold handymax bulker Jin Bi last month to Greek company Gelico Shipping for US$3.5m.