SITC adds one more and cements top 20 liner position

SITC adds one more and cements top 20 liner position

China’s SITC continues its rapid fleet build up, cementing its position as the nation’s largest private boxline.

With the acquisition of the 1,043 teu Sara from Germany’s Harmstorf, SITC, an intra-Asia specialist, is now a firm fixture within the top 20 liner list created by Alphaliner. Brokers suggest SITC has paid $8.2m for the ship.

SITC’s fleet recently surpassed the 100,000 teu mark. According to Alphaliner it now ranks as the 19th largest boxship line in the world with a fleet of 103,155 slots.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts