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).

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