Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

SITC inks $39m contract to build two container vessels

Article-SITC inks $39m contract to build two container vessels

SITC inks $39m contract to build two container vessels

Hong Kong: SITC International Holdings has through its wholly-owned subsidiary inked contracts on Thursday to build two container vessels for a price of $39m. SITC Development has contracted Dae Sun Shipbuilding & Engineering to construct two 1,040 teu gearless container vessels Delivery of a first vessel is scheduled on or before 30 September 2013 and a second on or before 31 December 2013, SITC International said in a statement. "The construction will enable the company to expand its self-owned fleet of container vessels to meet the increase in demand for the company's services," SITC International said. SITC International had in November last year ordered three container vessels from Dae Sun. "Our goal is to expand the size of our fleet to 60 (container) vessels within the next three years from the current 42, and to 80 in five years," said Yang Shaopeng, chairman and executive director of SITC International. "There is huge and rapidly growing demand for shipping logistics services in Asia," he added. [06/01/11]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.