CSBC Completes Name Change

The China Shipbuilding Corp. (CSBC) completed repainting its new name, Taiwan International Shipbuilding Corp., in Chinese on the huge Goliath crane at the CSBC Kaohsiung shipyard, a CSBC official said Tuesday. The working crew spent the whole day painting the CSBC's new Chinese name on the Goliath bridge crane, which is a hallmark of the CSBC. The repainting task was not easy as the Goliath crane is 177 meters wide and 87 meters high, and each Chinese character on it covers nine square meters, which is the equivalent of approximately three stories in height.

The official said that the CSBC's name-change plan has been approved by its board directors, and is awaiting final approval by CSBC general investors March 1. That motion is expected to pass smoothly as the Ministry of Economic Affairs holds most of the stocks of the CSBC. Premier Su will host an unveiling ceremony marking the CSBC's new name March 3 after the plan's final approval, the official said. Source: CNA