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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.