SITC International Holdings has placed a $300m order for 10 container ships of 1,800 teu at China’s Huanghai Shipbuilding.

The newbuildings are expected to cost in the region of $30m to $32m, with delivery in 2024, according to Alphaliner.

The order would lift the boxship newbuilding portfolio of the intra-Asian specialist to around 42 vessels.