SITC International’s subsidiary has won a $36.2m shipbuilding contract from Yangfan Group to construct two container vessels, along with an option for six more vessels.

The container vessel will be built on a 1,100teu class gearless vessel with 11,850dwt.

The vessels are scheduled to be delivered by 30 June 2012.

SITC Development has an option for an additional six vessels that can be exercised at any time over the second half of 2011.