New container vessel contract with STIC

SMC was awarded by SITC Shipowning Group Company, a subsidiary company of SITC International Holdings, China. SMC will provide plan approval and site supervision for their newbuilding project of four 2,400 TEU container ships to be constructed in Jiangsu New Yangzi Shipbuilding, China.

The plan approval has started right after the agreement signing, and site construction is scheduled to be carried out from October 2018 till April 2020 with a site team composed of five supervisors.

SITC International Holdings, headquartered in Hong Kong, is a leading shipping logistics company in intra-Asia area. It currently owns 65 container ships and 6 bulk carriers (data source: IHS Sea-Web).