Core Points - The New Zealand government has awarded a contract to China Shipbuilding Group's Guangzhou Shipyard International for the construction of two large roll-on/roll-off ferries [1][2] - Each ferry will be 200 meters long, capable of carrying approximately 1,500 passengers and 40 train carriages, with an expected delivery date in 2029 [1] - The project was initially planned to be constructed by South Korea's Hyundai Heavy Industries but was canceled due to significant cost overruns in port infrastructure [2] Company and Industry Summary - The contract for the ferries marks a significant collaboration between New Zealand and a Chinese shipbuilding company, indicating a shift in procurement strategies following the cancellation of the previous project [1][2] - The specific cost of the new ferries is still under negotiation, highlighting ongoing discussions regarding project financing and budget management [2]