CSBC in Taiwan to See Sales Increase 20% in H2

Driven by orders from big shippers as Yangming Marine Transport Corp., CSBC Corp. in Taiwan will see sales increase 20% year-on-year in the second half, with yearly sales to return to NT$30 billion in 2011. Many shippers are scrambling to order new ships to boost capacities as the global container shipping industry is poised for a boom by 2013, according to an industry insider.
Taiwan`s largest shipbuilder, CSBC, announced having landed big orders from Yangming, Wan Hai Lines Ltd. and Chinese Maritime Transport Ltd., and will begin building 14 cargo ships in 2011.
With a full shipbuilding dock, CSBC`s sales will continue to climb quarterly in the second half, and expects to see sales reach NT$14.9 billion, up 20% year-on-year.
CSBC has begun building two 6,600 TEU (twenty-foot-equivalent unit) container ships ordered by Yangming in the first half, with the works carried out in company`s headquarter plant in Kaohsiung City, southern Taiwan; while construction of a 1,800-TEU container ship ordered by Wan Hai will start the end of this year in Keelung, northern Taiwan.
CSBC has also received orders for four 93,000-ton coal-transporters from the state-run Taiwan Power Company (TPC), having begun building two TPC-ordered ships in the first half.
In addition, CSBC will begin construction of two 200,000-ton bulk ships ordered by Chinese Maritime Transport in its Kaohsiung plant sometime in 2011.