SITC Orders Two Containerships from Yangzijiang

BoxshipIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Chinese shipping firm SITC International Holdings has placed an order for the construction of two container vessels from China’s Yangzijiang Shipbuilding.

Under the deal, unveiled on June 26, the shipowner is to pay USD 58 million for the boxship duo. The new vessels will feature a minimum container intake of around 34,800 tons each.

The first ship from the batch is scheduled for delivery by the end of September 2020, while the second vessel is set to join its owner by the end of November 2020.

SITC International said that the aggregate consideration under the shipbuilding contracts will be paid through internal resources and/or external financing.

The company decided to order additional vessels to meet the increase in demand for its services.

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