China CSSC subsidiary inks major LNG carrier deal
China CSSC Holdings (SSE:600150) announced that its subsidiary, Jiangnan Shipbuilding, in conjunction with China Shipbuilding Trading, has signed a contract with a shipowner to build a series of 18,000 TEU LNG dual-fuel container ships. The export contract is valued between RMB 18 billion and RMB 19 billion. The vessels are scheduled for delivery in 2028 and 2029. While the immediate impact on current-year profit is not expected to be significant, the company anticipates the deal will positively influence future revenue and profitability. The company cautioned that due to the long-term nature of the contract, potential risks exist, including fluctuations in the shipping and shipbuilding markets.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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