OSLO: Norway listed dry bulk shipper Jinhui Shipping said the tough market that owners faced last year will become tougher in 2015.
2014 was a challenging year especially in the latter half of the year, catching most if not all owners and operators by surprise,” the company said, adding: “We expect 2015 will be even tougher.”
Jinhui said it posted a $68.4 million net loss in the fourth quarter compared with a $2.9 million loss a year earlier.
It also reported a $86.8 million net loss for 2014 compared with a net profit of $25.4 million in 2013.
