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 Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Aberdeen Harbour Installs Siklu Security Network

Aberdeen Harbour has extended its security solutions coverage using high-capacity backhaul from Siklu, the market leader in millimeter wave backhaul informs the Israel-based tech firm.

Chariot Oil & Gas 1H 2014 Interim Results

Chariot Oil & Gas Announce Interim Results for 1H 2014 Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces

Inchcape Shipping Celebrates 25th Anniversary of ISS Greece

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has this month celebrated the 25th anniversary of its operations in Greece

Shipbuilding

NewLead Takes Delivery of 3rd Eco-Type Bulker

NewLead Holdings Ltd.announced today that the "Newlead Castellano", a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was delivered to NewLead's owned fleet on September 16, 2014.

TOTE, Saltchuk Secure Financing for Marlin Class Vessels

Maritime Administration to Provide Title XI Loan Guarantee for World’s First LNG Containerships Today, the U.S. Maritime Administration (MARAD) announced a $324.

All-electric Tube Benders Take a Step Forward

The tube bending machine innovator Unison said it is moving the technology forward again, with the completion of a groundbreaking all-electric machine that is capable

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1323 sec (8 req/sec)