SITC Orders Four Ships from CSBC Corporation (Taiwan)

SITC Shipowning Group Company Ltd., a wholly owned subsidiary of SITC International Holdings Co., Ltd. (SITC) and CSBC Corporation, Taiwan signed a new shipbuilding contract for four 1800 TEU container ship on September 29, 2013.

Vice Chairman and CEO of SITC International, Mr.Yang Xianxiang and Chairman of CSBC Corporation, Taiwan, Mr. Lai Shangui attended the signing ceremony. On behalf of their respective company, Vice President of SITC Shipping Group, Mr.Xiao SenYuan and General Manager of s CSBC Corporation, Taiwan, Mr.Chen Fenglin sign the shipbuilding contract.

This brings the amount of the 1800TEU newbuildings that SITC  has ordered from CSBC to 12. It will further improve SITC fleet structure, enhance the sustainable competitiveness of SITC in Asia market.

All new vessels will be equipped with an advanced global positioning system for navigation to improve safety and with energy efficient equipment to lower pollution and meet global environmental protection requirements.

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SITC, September 30, 2013