SITC International's subsidiary has won a $36.2m shipbuilding contract from Yangfan Group to construct two container vessels, along with an option for six more vessels.
The container vessel will be built on a 1,100teu class gearless vessel with 11,850dwt.
The vessels are scheduled to be delivered by 30 June 2012.
SITC Development has an option for an additional six vessels that can be exercised at any time over the second half of 2011.
During the first three months of the year China's ship exports reached $10.05bn, a 5.21% y-o-y increase, and ship import value rose 32.85% to $490m, According to the statistics from the China's Customs Office.
Total ship exports and imports were $10.55bn, a 6.22% y-o-y increase. Out of vessel exports, bulker exports totalling $5.74bn accounted for 57.11% of the total exports value. Exports of bulkers over 150,000 dwt posted $3.79bn, a 9.36% y-o-y increase.
Tanker exports arrived at $1.38bn, accounting for 13.73%. Containership exports reached $380m, a 63.86% y-o-y decrease, accounting for 3.78% of the total ship exports. Chinese delivered only the containerships below 6,000 teu class.
Multi-purpose vessel exports posted $490m, a 7.57% y-o-y increase, and exports of floating or semi-submersible drilling and production platform reached $340m, a 788.14% y-o-y increase.
A total of ten regions posted ship export value of above $100m. Among them, the Jiangsu Province topped the list with $2.3bn in ship export value, followed by the Zhejiang Province with $1.7bn and Shanghai with $1.3bn.
China’s Yangfan Group has won up to eight 1,110-teu feeder containerships from SITC International Holdings Co.
The order includes firm contracts for two 1,110-teu gearless ships costing $36.2m in total and both due for delivery in June 2012.
The shipowner has also secured options for up to six more vessels at the same cost per ship.
SITC can exercise the options in three separate tranches and for up to two vessels at a time, with deadlines of June, September and December 2011, respectively.
Greece's Angelicoussis Shipping Group has concluded a deal with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) to convert another two VLCC contracts to orders for LNG carriers. The deal brings to three the number of new LNG carriers for the Greek owner at its favoured South Korean shipbuilder. DSME hulls number 5341 and 5323 had been ordered at about $155m each, a mark close to the peak for 320,000 dwt VLCC prices. The contract conversions will have been negotiated with an additional cash payment by the owner. The first of the three 156,000 cu m LNG carriers is scheduled for delivery in the second half of 2013 to Angelicoussis’ LNG and liquefied petroleum gas carrier arm Maran Gas Maritime, with the two sister vessels to follow in 2014 and 2015.
STIC has recently announced that the company just took hand of a secondhand vessel booked before, a 1,000TEU’s of 18,000DWT.
After going public, the group has ordered 11 containerships and its fleet total has come up to 15 vessels with former 4 optional vessels. The group plans to expand its fleet to 60 vessels In three years an 80 in five years.