SITC has placed an order for two additional 2,400 teu containerships from Yangzijiang Shipbuilding for $29m each or a total of $58m.
Intra-Asia container line SITC International Holdings has exercised options for two 2,400 teu vessels from Yangzijiang for $50m.
Container line SITC International Holdings saw total volume rise 4.5% to 1.7m teu in the first nine months compared to 1.6m teu in the previous corresponding period.
Intra-Asia carrier SITC International Holdings has shipped higher volumes in the first quarter of 2016 over the year-ago period, but earnings dipped due to lower freight rates.
Intra-Asia line SITC announced that has entered into a five-year strategic cooperation agreement with port operator Qingdao Port International for preferential treatment in Qingdao Port, as well investments and future projects in Southeast Asia and mainland China.