SITC acquires boxship from Laurus Ship Management

SITC acquires boxship from Laurus Ship Management

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.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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