SITC International Holdings has exercised an option to build two containerships with Yangfan Group. 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.
SITC International Holdings Co., Ltd. is an integrative shipping logistics company. Its business scope covers container liner shipping, freight forwarding, customs clearance, shipping agency, ship broking, ship ownership/management, trucking and LCL etc. At present, Sea Business and Land Business are the two core divisions under SITC Intl. Holdings.
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