SITC International Secures $152.7 Million Contract for New Container Vessels

Reuters

Aug 03

SITC International Secures $152.7 Million Contract for New Container Vessels

SITC International Holdings Co. Ltd. has announced the signing of several shipbuilding contracts for the construction of new container vessels. The agreements, dated 2 August 2025, involve SITC Shipowning, a wholly-owned subsidiary of the company, and a shipbuilding company based in the People's Republic of China. The contracts cover the construction of four vessels, with the terms considered to be fair and reasonable by the company's directors following arm's length negotiations. This new construction is deemed to be in the best interests of the company and its shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SITC International Holdings Co. Ltd. published the original content used to generate this news brief on August 03, 2025, and is solely responsible for the information contained therein.

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