Through its subsidiary, SITC Shipowning, the company signed shipbuilding deals for three container vessels on November 2. SITC International informed that it would pay a total of USD 87.9 million for the three units, which would each have a minimum container intake of around 2,700 TEU.
The feeders are scheduled for delivery to their owner in October 2020, December 2020 and February 2021, respectively. SITC International said that the aggregate consideration under the shipbuilding contracts will be paid through internal resources and/or external financing.
The company opted for the additional vessels to meet the increase in demand for its services. In mid-2018, SITC International ordered two feeder containerships Yangzijiang Shipbuilding. AT the time, the shipowner said it would pay USD 58 million for the boxship duo. These units are scheduled for delivery in September and November 2020, respectively.