CSBC eyes China and India

CSBC Corporation, Taiwan has resolved to kick off new business operations in 2010 by tapping the lucrative markets of China and India, including setting up a ship design and consulting firm in China. 

W.L. Cheng, chairman of CSBC, told local media his company will be developed into a conglomerate by expanding business scopes, including the establishment of a coating firm. At present, CSBC has kept in hand orders for 40 container ships, including 14 from Yangming Marine Transport Corp., 12 from Wan Hai Lines Corp., six from Japan-based Marubeni Corp. and eight from Germany-based Peter Dohle Co.