News / SITC boosts order for more feeder vessels as tonnage becomes scarce

Intra-Asia carrier SITC has ordered six 1,800 teu feeder vessels from Huanghai Shipbuilding in China.

The $174m order came shortly after chairman Yang Xianxiang told shareholders there were few feeder ships available, and Hong Kong-based SITC, which already owns more than 100 ships, wanted to cement its status as one of the largest intra-Asia carriers.

In a Hong Kong Stock Exchange filing yesterday, SITC disclosed that an order for four vessels was made in June and ...