SITC International, the Hong Kong-listed intra-Asia specialist, is said to be looking to return to the newbuilding arena.
The Yang Xianxiang-led company is said to be interested in building between two and four feeder containerships, according to one analyst.
However, no decision has yet been made, says BOCOM transport analyst Geoffrey Cheng in a research note on the company.
Separately, BOCOM, which is the securities and asset management arm of China’s Bank of Communications, has upgraded its view of the stock to ‘buy’.
