THIRD QUARTER AND NINE MONTHS REPORT FOR THE QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2010

HIGHLIGHTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2010
- Revenue for the period: US$255 million
- Net profit for the period: US$122 million
- Basic earnings per share: US$1.447
- Gearing ratio as at 30 September 2010: 44%

HIGHLIGHTS FOR THE THIRD QUARTER OF 2010
- Revenue for the quarter: US$90 million
- Net profit for the quarter: US$45 million
- Basic earnings per share: US$0.538

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 nine
months ended 30 September 2010.

The dry bulk market environment remained volatile
throughout the quarter under the continued supply of
newbuildings into the market, coinciding with weaker-
than-expect dry bulk commodity demand growth in
emerging countries. The Baltic Dry Index opened at
2,406 points on 1 July 2010, fell to the lowest at
1,700 points on 15 July 2010 and closed at 2,446
points on 30 September 2010.

The Group recorded revenue of US$89,549,000 and net
profit of US$45,191,000 for the third quarter of the
year, comparing to US$92,396,000 and US$43,096,000
for last corresponding quarter. Basic earnings per
share was US$0.538 for the third quarter whereas
US$0.513 was reported in corresponding quarter of
2009.

As at 30 September 2010, the Group had thirty owned
vessels which included two modern Post-Panamaxes, 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).