SITC Orders Four More Boxships in Korea

Dae Sun SITC Shipowning, a subsidiary of SITC International Holdings, has placed an order for four more containerships at South Koreas shipbuilder Dae Sun. The company informed that it decided to exercise options for the construction of two container vessels, which were a part of an earlier placed vessel order. Additionally, SITC entered into new shipbuilding contracts to construct two more boxships. SITC is paying a total of USD 68 million for the construction of the four vessels, which would be 1,011 TEU class gearless containerships, totaling some 12,200 dwt. In May 2017 SITC ordered two container vessels for a price of USD 34 million. The company informed that the first vessel from the batch is expected to be delivered by late February 2019, while the second containership is set to join the fleet by the end of April 2019.