SITC confirms two newbuildings with Yangfan
SITC International Holdings has exercised an option to build two containerships with Yangfan Group, Seatrade Asia online reports. The two containerships of 1,100 teu each, valued at a total of $36.2m, are scheduled to be delivered by 31 August 2012, according to a statement by SITC on Friday.
China-based SITC said the newbuildings will enable the company to expand its self-owned fleet of containerships to meet the increase in demand for the company's services.
China-based SITC said the newbuildings will enable the company to expand its self-owned fleet of containerships to meet the increase in demand for the company's services.