SITC firms up options at CSCB and extends 1,800 teu series to eight ships

The Chinese container line SITC, short for Shandong International Transportation Corporation, has converted its four remaining options for 1,800 teu container vessels to be built at CSBC Keelung in Taiwan. The four ships are part of an eight-strong newbuilding program which the carrier kicked off in April with two firm orders for ships of this type, followed by another two firm orders in June.

Along with the contracts for the first vessels, SITC also placed options for sister ships and later successively converted these into firm orders.

CSBC is scheduled to deliver the lead ship of the series in September 2014.The remaining seven vessels will then follow in one-month and two-months intervals until the series is completed in October 2015.

SITC will pay USD 23.8 million for each of the new vessels, which will be the largest in the carrier’s fleet. Between 2011 and 2013, SITC had already completed a newbuilding program, as part of which the shipping line received 12 vessels in the 1,000 to 1,100 teu size class from various Chinese, Korean and Japanese yards.

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