China Shipbuilding Subsidiary Wins $1 Billion-Plus Order for 10 LNG Dual-Fuel Car Carriers

China Shipbuilding announced on September 2 that its controlling subsidiary Guangzhou Shipyard International and China Shipbuilding Trading signed a newbuilding contract on September 1 with a well-known shipowner for 10 LNG dual-fuel car carriers with capacity for 8,200 vehicles each. The contract is worth more than $1 billion and will be paid in U.S. dollars, with deliveries expected between 2029 and 2031, according to Jiemian News. China Shipbuilding said the long contract period means it will not have a material impact on current profit, but it may help improve the company's medium- to long-term market competitiveness and profitability.