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China CSSC Subsidiary to Build 10 Car/Truck Carriers; Shares Jump 3%

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China CSSC (SHA:600150) subsidiary Guangzhou Shipyard International will build 10 dual-fuel liquefied natural gas-powered pure car/truck carriers for an unnamed shipowner worth $1 billion, according to a Thursday filing with the Shanghai bourse.

Each carrier will have a capacity of 8,200 vehicles. The shipbuilder will deliver the carriers between 2029 and 2031, according to the filing.

Company shares jumped 3% during morning trading on Thursday.

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