SECOND QUARTER AND HALF YEARLY REPORT FOR THE QUARTER AND SIX MONTHS ENDED 30 JUNE 2010

HIGHLIGHTS FOR THE FIRST HALF OF 2010
- Revenue for the period: US$166 million
- Net profit for the period: US$76 million
- Basic earnings per share: US$0.9093
- Gearing ratio as at 30 June 2010: 49%

HIGHLIGHTS FOR THE SECOND QUARTER OF 2010
- Revenue for the quarter: US$90 million
- Net profit for the quarter improved 54% to
US$42 million
- Basic earnings per share: US$0.5025

The Board of Jinhui Shipping and Transportation
Limited (the 'Company') is pleased to announce the
unaudited consolidated results of the Company and its
subsidiaries (the 'Group') for the quarter and six
months ended 30 June 2010.

The Baltic Dry Index opened at 2,998 points on 1
April 2010, climbed to the peak at 4,209 points on 26
May 2010 and closed at 2,406 points on 30 June 2010.

The Group achieved satisfactory operating results for
the second quarter of 2010 despite dry bulk market
experienced fluctuations under the imbalance between
dry bulk supply and demand. Revenue for the quarter
reached US$89,902,000 and the net profit for the
quarter surged from US$27,475,000 for the second
quarter of 2009 to US$42,235,000 for the second
quarter of 2010, representing an increase of 54%.
Basic earnings per share for the quarter was
US$0.5025 while US$0.3269 was reported in
corresponding quarter of 2009.

During the quarter, two newly built Supramaxes were
delivered to the Group.

As at 30 June 2010, the Group had twenty nine owned
vessels which included one modern Post-Panamax, one
modern Panamax, twenty six modern grabs fitted
Supramaxes and one Handymax.

For details, please see attachment on
[http://www.newsweb.no].

This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act).