SITC executes options for boxship pair at Yangzijiang

SITC executes options for boxship pair at Yangzijiang

Chinese boxship operator SITC has executed options for the construction of two 2,400 teu containerships.

The total price for the two vessels is $50m and deliveries are scheduled in February and April of 2020.

The options are part of a newbuilding contract SITC entered into with Yangzijiang at the end of November for two 2,400 teu containerships.

SITC has been very active in both the newbuilding and secondhand containership markets in the past year, having acquired four secondhand vessels from German owners and ordering four 1,011 teu newbuildings at South Korea’s Dae Sun Shipbuilding.

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.

Related Posts