Yangfan Inks 1,110TEU's
Source:Asiasis
2011.05.04
892
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.


