27 May 2021

SITC International and Daxian Shipbuilding successfully held the signing ceremony of the new shipbuilding project through the "cloud signing" mode through video connection.

Mr. Xue Mingyuan, Executive Director of SITC International and President of SITC Shipping Group, and Mr. Soo Keun Lee, President of Daxian Shipbuilding Co., Ltd. attended the ceremony and signed documents on behalf of both parties.

Negotiation of contracts

Under the circumstance that the epidemic hindered the face-to-face communication between the shipowner and the shipyard, the two sides completed the business negotiation of contracts and technical documents efficiently and with high quality on the basis of trust based on trust.

This signing will be conducive to the further optimisation of SITC's fleet structure, and provide strong support for improving its route layout in the region, so as to continue to consolidate its position in the Asian market.