Chinese feeder boxship operator SITC has acquired the 2009-built 1,700 teu containership Stellar Windsor from South Korean owner Laurus Ship Management.
According to shipbroking sources, the Imabari-built ship has fetched a price of $8m which is significantly lower than MSI’s valuation of $10m. It is the fifth vessel SITC has acquired this year.
Busan-based Laurus Ship Management has cleared out its owned fleet following the deal.
Alphaliner data shows SITC currently operates a fleet 83 ship with total capacity of 120,470 teu, making it the 17th largest containerline in the world.