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SITC continues fleet expansion programme as first-half profits triple

SITC continues fleet expansion programme as first-half profits triple

With its profits having tripled, SITC International said it would continue to acquire second-hand ships and order newbuildings “at reasonable prices”.
The Hong Kong-listed parent of SITC Container Lines unveiled its H1 21 results on Monday, which revealed a net profit of $63m.
SITC also said 90% of its capital expenditure, some $83.6m, had gone toward vessel acquisitions in the first half.
Vessel databases show SITC acquired the 2007-built 1,032 teu SITC Rizhao …

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19 August 2021, 15:23