China's tonnage-hungry SITC International Holdings has returned to South Korea’s Dae Sun Shipbuilding & Engineering for up to 10 feeder boxship newbuildings in a deal worth up to $200m.
The order, signed in a virtual ceremony, brings SITC’s orderbook to 35 newbuildings costing close to $810m in total.
A Dae Sun official declined to comment, citing contract confidentiality. SITC was not available for comment.
