Hong Kong-headquartered SITC International Holdings Company Limited, an Asian shipping logistics company, said SITC Shipowning exercised on January 30 the options for the construction of two 2,700 teu container vessels under the seventh shipbuilding contract and the eighth shipbuilding contract with the shipbuilder Huanghai Shipbuilding Co., Ltd. at a maximum aggregate consideration of $76.36m, subject to the final specifications of the vessels.
To remind, SITC Shipowning – a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of SITC International Holdings Company Limited – and the shipbuilder entered on August 2 into the shipbuilding contracts (the fifth, sixth, seventh, and eighth) under which the shipbuilder has granted to SITC Shipowning the options for the construction of a total of four 2,700 teu container vessels.
On 31 October 2025, SITC Shipowning exercised the options under the fifth and sixth shipbuilding contracts with the shipbuilder for the construction of two 2,700 teu container vessels at a maximum aggregate consideration of $76.36m, subject to the final specifications of the vessels.
SITC Shipowning further exercised the options on Jan. 30 under the seventh and eighth shipbuilding contracts with the shipbuilder for the construction of two additional vessels. The delivery of the vessel under the seventh shipbuilding contract is expected to be on or before 31 January 2029; and the delivery of the vessel under the eighth shipbuilding contract is expected to be on or before 31 March 2029.
