China’s Guangzhou Shipyard International (GSI), together with China Shipbuilding’s trading arm, has signed a contract with a major shipowner for ten LNG dual-fuel pure car and truck carriers of around 8,200 car capacity, valued at over USD 1 billion. Deliveries between 2029 and 2031 will bolster China’s role in high-spec automotive transport vessels.
Guangzhou Shipyard International (GSI), a key yard under China State Shipbuilding Corporation, has jointly signed a newbuild contract with China Shipbuilding Industry Trading Company and a well-known international shipowner for ten LNG dual-fuel car carriers of about 8,200 CEU capacity. The contract, announced on September 4, 2026, is worth more than USD 1 billion and foresees deliveries between 2029 and 2031, according to corporate disclosures and maritime industry reporting. Because the execution period is relatively long, the company expects to recognise revenue gradually over the life of the contract, with no major impact on short-term profit.
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