CSSC Shipping (03877) has announced a significant fleet expansion move. On September 1, 2026, the company, acting as the buyer, entered into ten shipbuilding contracts with Chengxi Shipyard and CSSC Trading, who serve as the sellers, to construct ten vessels.
Under the terms of these agreements, the consideration for each vessel is set at RMB 323.5 million. Consequently, the aggregate consideration for all ten ships amounts to RMB 3.235 billion, underscoring the company's substantial commitment to growing its maritime assets.
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