Asia/Pacific News
China CSSC Wins Order Worth Over $1 Billion for 10 LNG Dual-Fuel PCTCs
China CSSC Holdings has secured a shipbuilding contract worth more than $1 billion for 10 LNG dual-fuel pure car and truck carriers (PCTCs).
Its subsidiary Guangzhou Shipyard International, together with China Shipbuilding Trading, signed the contract with an unnamed international shipowner on September 1, the company said in a stock filing yesterday.
The vessels will each have capacity for 8,200 vehicles and are scheduled for delivery between 2029 and 2031.
CSSC said the order will further strengthen GSI’s capabilities in the design, construction and quality management of large car carriers, while supporting its position in the automotive shipping market.
The company expects the order to contribute positively to future revenue and profit, although it said the long execution period means the contract will not have a significant impact on current-year profit.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 874.00 | 5.00 | 1304.00 | 6.00 |
| Rotterdam | 698.50 | 5.00 | 1430.00 | 11.50 |
| Houston | 748.00 | 15.00 | 1386.50 | 23.00 |
| Fujairah | 976.00 | 7.50 | 1686.00 | 8.50 |
| APAC Average | 999.00 | 18.00 | 1494.00 | 17.00 |
| Global 20 Ports Average | 882.00 | 7.00 | 1534.00 | 5.50 |
| Global 4 Ports Average | 824.00 | 5.50 | 1451.50 | 6.50 |
| Global Average Bunker Price | 938.00 | 8.00 | 1608.00 | 10.50 |
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