China Shipbuilding announced that the company's holding subsidiary Guangzhou Shipbuilding International and China Shipbuilding Industry & Trade Co., Ltd. signed a new shipbuilding contract with a well-known shipowner for 10 8,200 LNG dual-fuel motor carriers on September 1, 2026, with a total amount of over 1 billion US dollars. The contract was paid in US dollars and delivery is expected between 2029 and 2031. The company said that the contract has a long execution period, which will not have a significant impact on current profits, but it is conducive to improving competitiveness and profitability in the medium to long term market.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.