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China Shipbuilding Corp News

13 Sep 2015

Evergreen Orders 10 More Ships

The Evergreen Group, Taiwan's largest container shipper, has signed an agreement with Japan's Imabari Shipbuilding Co. to build 10 new container vessels with a capacity of 2,800 20-foot equivalent units (TEU) to expand its fleet. The new shipbuilding plan is the second time in the past month that the shipping company has decided to add 2,800-TEU container ships to its fleet. In August, Evergreen signed an agreement with Taiwanese shipbuilder China Shipbuilding Corp. (CSBC) for 10 new vessels with a capacity of 2,800 TEUs each. The first ship is planned to be delivered during the second half of 2017 with the completion of the series due by the first half of 2018. The vessels are planned to be deployed in the intra-Asia trade.

20 Nov 2008

Korean Shipbuilders Face Bankruptcy

According to a report from The Korea Times, following troubled construction firms and savings banks, the Korean government and creditor banks are now moving to put small-and medium-sized shipbuilders under the microscope for drastic restructuring. The preemptive restructuring is to minimize chain reaction bankruptcies of once-booming small-and medium-sized shipbuilders, suffering from cash flow problems in the wake of the global financial market turmoil. Analysts say that large shipbuilding firms will ride out the current difficulties, as they have ample cash holdings and enough orders for the next several years. According to a Nov.

30 Nov 2001

Industry Leaders Elected To ABS Membership

Sixty-Nine prominent shipping industry executives have been elected as new members of ABS. In addition, Rear Admiral David L. Brewer III, Commander, Military Sealift Command, U.S. Navy, was appointed as a member. This brings the ABS worldwide membership to 803. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. M.A. Marcelo P. S.A. Ghazi A. Al-Ibrahim, President, Mideast Shipmanagement Ltd. Giovanni Barbaro, Owner, Pietro Barbaro S.p.A. S.p.A. Giuseppe Bottiglieri, Managing Director, Bottiglieri Di Navigazione, S.p.A. Jae Cheol Byun, President, JSM International Ltd. Dr. Mauro Fernando Orofino Campos, President, Petroleo Brasileiro S.A.

20 Nov 2000

CP Ships Continues New Ship Spending Spree

CP Ships has taken the next step in its major fleet re-building program by signing a contract with China Shipbuilding Corporation of Taiwan for the construction of five geared 3,200 TEU containerships. They are designed to be employed in CP Ships' South American services. Delivery of the newbuildings will take place between mid-2002 and early 2003. The ships will measure 243 m long by 32.2 m wide, and will be equipped with 400 reefer plugs and operate at a service speed of 22.5 knots. Several containerships built by China Shipbuilding Corp already serve in the CP Ships fleet. With the China Shipbuilding contract, CP Ships has passed the half-way point in a series of retonnaging commitments…

22 Oct 2004

Blue Marlin is Back in Business

After undergoing a major conversion at South Korea’s Hyundai Mipo Dockyard (HMD), the world’s largest semi-submersible heavy lift vessel, Blue Marlin, has entered service. Owned jointly by Norway’s Jan-Erik Dyvi AS and Holland’s Dockwise Shipping and managed by Glasgow’s Anglo-Eastern, the 76,061 dwt vessel was built in 2000 by Taiwan’s China Shipbuilding Corp in Kaohsiung. Conversion work in Korea saw the vessel lengthened by 6m as well as having her breadth increased by over 21 m to 63 m to provide an unobstructed cargo deck area of 11,227 m². The conversion of Blue Marlin has been undertaken to allow the vessel to transport some of the world’s largest floating oil platforms and drilling platforms, as well as semi-submersibles.

27 Feb 2007

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.

16 Feb 2007

Taiwan's New Name Changes Annoy China

What's in a name? Quite a bit if you're talking about China-Taiwan relations, reports the China Post. China considers Taiwan part of its territory and is deeply suspicious of any move that downplays the island's cultural and historical ties to China or suggests the island is an independent entity. The two sides split in 1949 when the Nationalists were forced to flee China after a protracted civil war. Taiwan's ruling Democratic Progressive Party headed by embattled President Chen Shui-bian, however, favors a stronger Taiwanese identity. On Monday, Chunghwa Post, the island's postal service, became Taiwan Post Co., a move the government said was necessary to distinguish it from the Mainland's China Post. "Chunghwa" is another term for China.

18 Jan 2007

China Shipbuilding Sees Higher Profits

The state-run China Shipbuilding Corp announced its goal this year of increasing annual operating income to $744m and the total tonnage of ships built from 120,000 to 180,000. The company also said it should be able to fulfill the government requirement of making a pretax surplus. Source: CNA

29 Dec 2005

China Shipbuilding: Good Business Speeds Privatization

The China Shipbuilding Corp said in a report that the company currently has orders totaling more than $2.68 billion, according to a report on TaipeiTimes.com The written report was presented by the CSBC to the Science and Technology Committee of the Legislative Yuan which is set to review the CSBC's budget for next year. The CSBC said that it currently has orders for building 51 commercial ships as well as orders for building 30 military vessels. (Source: TaipeiTimes.com)

29 Oct 1999

CSBC To Build Containerships For Maersk

China Shipbuilding Corp. (CSBC) has reportedly won a contract to build two more small container vessels for Maersk Line, which already has four vessels on order with the Taiwanese company. According to market sources, the two new ships will have 2,000 teu capacity. CSBC is currently at work on four 2,000 teu vessels for Maersk Line, the first of which is scheduled for delivery in December, with the remaining three due by June 2000. CSBC has earlier delivered 10 ships to A.P. Moeller.

24 Jun 2003

Six New Ships on TMM Lines’ Transpacific Service

The deployment of the 4,050teu Aguascalientes on the Mexico-Asia Premier service completes TMM's newbuild program on the transpacific. The ship, on long-term charter, joins the TMM Monterrey and four other sister ships on the weekly Mexico-Asia Premier service. It is the last of the series of newbuilds, both owned and chartered, which we have taken delivery of in the last 18 months. The 3,200 teu TMM Yucatan, TMM Colima and TMM Guanajuato, all owned ships, were built at the China Shipbuilding Corp in Kaohsiung, and are now deployed on the Gulf-Mexico-Americas service, also operating weekly. Senior Vice President Juan Manuel Gonzalez says the new ships are an integral part of our plans to improve services. The ships are named after Mexican states, reflecting the birthplace of TMM Lines.

12 Oct 2005

Consortium Formed to Invest in China Shipbuilding

At the invitation of China Steel Corp. (CSC) and Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. has shown its willingness to enter into a consortium led by CSC to invest in the state-run China Shipbuilding Corp., which has decided to go private through public bidding, according to a report on Taiwan Headlines. China Shipbuilding estimated it would sell a 51 percent up to 66 percent stake to become a privately owned firm. Potential buyers of the China Shipbuilding shares include Evergreen Marine Corp., Taiwan Navigation Co., Yang Ming Marine Transport Corp., Yung Chi Paint & Varnish Mfg. Co., Kuang Tai Co., Wan Hai Lines Ltd., China Steel Corp., MPH, BAE of the U.S., Mitsubishi of Japan, and Hyundai of South Korea.

27 Sep 2005

Taiwan Invites Stake in China Shipbuilding

The Taiwan Government is inviting bids for a majority stake in China Shipbuilding Corp, the island’s biggest shipbuilder, to help the company become more competitive and raise funds for public spending, according to a Bloomburg report. The Government aims to sell a stake of between 51 per cent and 66 per cent in the company, the shipbuilder said in a statement published in Taipei’s Commercial Times. The stake offered includes three billion new shares. The planned sale will release the company from policies and regulations that have constrained state-run companies, China Shipbuilding said in the prospectus to investors. Reducing state ownership to less than 50 per cent frees companies from having lawmakers review their budgets and from the Government’s management control.