SITC eyes its largest ships to date

SITC eyes its largest ships to date

Fast growing SITC is about to put out a newbuild tender for what would be its largest ships.

The Shanghai line controlled by the Yang family is readying to order a series of 4,000 teu ships – a design that is 48% larger than SITC’s current biggest vessels in its fleet.

SITC has been amongst the fastest growing liners – in percentage terms – over the last five years. The intra-Asia player passed the 100,000 slot mark two and half years ago and has since grown by another 20% to stand today as the 17th largest liner in the world.

The current largest ships in the SITC fleet are a series of 2,700 teu class vessels.

Founded in Shandong province 28 years ago, SITC listed in Hong Kong in 2010.

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.

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