China CSSC's Unit Signs Shipbuilding Deal Worth Up to 19 Billion Yuan

MT Newswires Live

03/04

China CSSC Holdings' (SHA:600150) unit, Jiangnan Shipyard (Group), signed a contract to construct a batch of liquefied natural gas dual-fuel container ships,

The deal, signed with China State Shipbuilding Trading and a certain shipowner, is worth between 18 billion yuan and 19 billion yuan.

The ships, measuring 18,000 twenty-foot equivalent units or TEU, will be delivered in 2028 and 2029.

The company's shares rose less than 2% at the close.

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