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.