SITC acquires two boxships

SITC acquires two boxships

Chinese containership operator SITC has acquired two 2,474 teu containerships – Kanaga Island and Elba Island – from US owner Soundview Maritime at $12.8m en bloc, according to Braemar ACM Shipbroking.

SITC has been active on the secondhand market lately. It acquired the 2,496 teu Ulysses in February and two 2,524 teu containerships – Wehr Trave and Wehr Warnow in January.

With the latest acquisitions, the SITC fleet is approaching the 100,000 teu mark.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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