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The recently delivered SITC Mingcheng. Credit SITC Container Lines
SITC Container Lines is expanding its fleet again, as liner operators continue the race for tonnage.
A spokesperson confirmed to The Loadstar the company had commissioned ten 1,800 teu ships at second-tier Chinese shipbuilder Huanghai Shipbuilding.
Delivery is estimated for 2024 and, while the newbuilding price was not disclosed, a sister vessel commissioned by Chinese furniture maker Loctek Ergonomic Technology cost $32.6m.
SITC’s spokesperson said: “We’re expanding our owned fleet to secure a long-term cost advantage. Chartered ships will be gradually replaced, while we’re ...
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