Overview
SITC operates 122 container ships with a combined capacity of 188,393 TEU (twenty-foot equivalent units), 0.5% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 161,612 TEU on 97 ships is owned and 26,781 TEU on 25 ships is chartered in, so chartered tonnage accounts for 14.2% of its fleet.[1] Its orderbook of 66,232 TEU on 37 ships equals 35% of its current capacity.[1] SITC International Holdings provides container shipping and logistics and dry-bulk vessel leasing; Forbes records it was founded in May 1991 and is headquartered in Hong Kong.[3] Forbes lists sales of US$3.4bn and profit of US$1.2bn, a margin of about 36%.[3] Its 122 ships average about 1,500 TEU.[1]
SITC strengths and limitations
Strengths
- Highly profitable
- Mostly owned fleet
- Growing sales
Limitations
- Small ships
- Under 1% world share
- Small global share
Appears in
SITC peers and competitors
Companies ranked in the same lists as SITC.
MSC (Mediterranean Shipping Company)- KMTC
- Ningbo Ocean Shipping
- RCL (Regional Container Line)
- China United Lines
- Emirates Shipping Line
- TS Lines
- Sinokor
- IRISL
- DP World
Global Feeder Shipping- X-Press Feeders
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