China CSSC Holdings' (SHA:600150) subsidiary, Shanghai Waigaoqiao Shipbuilding, agreed to build 12 LNG container vessels for a subsidiary of COSCO Shipping Holdings (SHA:601919, HKG:1919) for $2.69 billion, according to a Shanghai bourse filing on Saturday.
The shipbuilder's shares fell 3% during Monday's morning trade.
The contract for the 21,700-twenty-foot-equivalent-unit LNG dual-fuel-powered container vessels was signed with COSCO Asset Management.
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