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  1. Jinhui net profit slumps 75pc in first quarter

    Posted May 31st 2012, 12:00am

    ... fell close to or below some shipowners' cash break-even levels. He said two dry bulk Capesize ships, which can carry about 170,000 tonnes of iron ore or coal, were chartered to other operators at a loss last June after the previous high earning contracts were terminated. The average time charter equivalent earnings for each of the Capesize ships was US$10,750 a day in the first ...

    http://www.scmp.com/article/1002556/jinhui-net-profit-slumps-75pc-first-quarter

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