Hong Kong-headquartered SITC International Holdings, the parent company of intra-Asia carrier SITC Container Lines, will sell its five remaining bulk carriers to focus on its core business of container shipping.
SITC is now the world’s 15th largest liner operator, with a shipping capacity of around 148,000 TEU.
A company representative told Container News that two other bulk carriers, SITC Huangshan and SITC Taishan, were sold in November 2021 and February 2022, for US$22 million and US$18.25...
https://container-news.com/sitc-to-exit-dry-bulk-sector-focusses-on-container-shipping/