CSBC Introduces New Measure to Up Operating Capacity

Thursday, August 31, 2006
To elevate operational competitiveness, the state-run China Shipbuilding Corporation (CSBC) has recently worked out short-, medium- and long-term plans expected to help raise operational capacity. CSBC said the new plans would help the company raise the operating capacity by 20 percent, with the goal of achieving annual pretax earnings of $54.87m on sales of $1.21b by 2010. With the influx of shipbuilding orders, the CSBC racked up $17m in pretax earnings on cumulative sales of $359.75m in the first seven months of this year, while the company estimates it would be able to post $28.96m in pretax earnings on sales of $548.78m this year. The company said the short-term plan will help it raise overall production capacity by 20 percent and cut manpower costs by 10 percent in two years. In the medium-term plan, the company will set aside $15.24m to procure two 800-ton cranes to replace the two existing 350-ton ones to step up shipbuilding efficiency. As for the long-term plan, the CSBC will roll out energy-saving vessels, expand production bases, and look for suitable sites in Southeast Asia to set up more production. In addition, the company will also diversify by offering services in addition to being strictly a manufacturer. (Source: The Taiwan Economic News)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Cummins Connected Diagnostics Available with Geoteab

Geotab, a telematics engineering company, and Cummins Inc., an  independent manufacturer of diesel and natural gas engines, controls and emission solutions, has

Transas Academy Launched

Transas Academy launched during the Simulation User Conference 2016   Transas has launched its newly established Transas Academy, part of the company's THESIS,

Interactive Map Highlights Shipping's Global Security Threats

Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map.   The

Shipbuilding

Hempel Coatings for Lemissoler Newbuilds

Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has coated four of its eight newbuild 58,500 dwt

‘Choice Alliance’ Formed to Serve BWT Market

A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market.

JFD Wins Lifeboat Design Contract for Flash Tekk

JFD, part of James Fisher and Sons plc, announced that it has won a contract with Singaporean company Flash Tekk Engineering for the design and manufacture of up

 
 
Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0765 sec (13 req/sec)