News / SITC stretches newbuilding order spree to 28 with another eight-ship contract

Intra-Asia shipping group SITC International has extended its newbuilding string to nearly 30 ships, after SITC Shipowning, exercised options for eight more vessels at Yangzijiang Shipbuilding.

In a Hong Kong Stock Exchange filing on 2 June, SITC said the orders for four 2,600 teu ships and four of 1,800 teu were options attached to orders on 30 August and 19 December 2020.

The latest newbuilds, costing a total of $192m, will be constructed by Yangzijiang’s subsidiary yards, Jiangsu Yangzijiang Shipbuilding and Jiangsu ...