Jinhua Shipping cautious after revenue decline

摘要

Jinhua Shipping and Transportation has reported revenue for the first half of 2010 of US$165.5 million, which represents a slight drop on the US$174.3 million reported for the last corresponding period.rn"Unlike the first half of 2009 where our fleet employment was a mix of charter contracts entered before and during the financial turmoil that earned variable hire revenue, the group was able to secure charter contracts entered with reputable charterers and contributed satisfactory and stable hire revenue for the current period," said the company in its bourse statement.