China CSSC Secures $1Bn Order for 10 LNG Dual-Fuel PCTCs | Mariner News

China CSSC Holdings has secured a shipbuilding contract exceeding $1 billion for 10 LNG dual-fuel pure car and truck carriers (PCTCs), signaling significant investment in greener fleet renewal for the automotive shipping sector.

The contract, signed on September 1 by CSSC subsidiaries Guangzhou Shipyard International (GSI) and China Shipbuilding Trading with an unnamed international shipowner, was disclosed in a stock filing yesterday.

Each vessel will have a capacity for 8,200 vehicles, with deliveries scheduled between 2029 and 2031. This extended delivery timeline suggests a sustained market outlook for specialized car carriers and a long-term commitment by the owner to decarbonization strategies stretching well into the next decade.

CSSC stated the order will bolster GSI’s expertise in the design, construction, and quality management of large car carriers, reinforcing its standing in the automotive shipping market. While the company anticipates positive contributions to future revenue and profit, the long execution period means no significant impact on current-year profit is expected.

Securing a decade-long order for 10 specialized, dual-fuel vessels highlights both the industry’s ongoing transition towards alternative marine fuels and the tightening availability of newbuilding slots at yards capable of constructing complex, environmentally compliant tonnage.