“The management of the group remains confident about the business environment for container shipping logistics within intra-Asia market in the year 2012,” the company said. SITC said it would continue to expand its intra-Asia service network that covered 51 trade lanes at the end of 2011.
SITC is also looking to take advantage of lower vessels prices to expand its fleet. “We will continue to expand our self-owned fleet by taking advantage of windows of attractive vessel prices, so as to keep pace with the development of our business and secure a long-term competitive cost position,” it said.
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