Independent journal on economy and transport policy
19:33 GMT+2
CSBC to run idle on Israeli order loss
(Taipei Times)
April 20, 2009
By Wang Yi-hong Taipei Times
China Shipbuilding Corp, Taiwan (CSBC), the nation's largest shipbuilder, will have no orders starting in November for 20 months after Israeli client Zim Integrated Shipping Services Ltd canceled its orders for six 1,700 twenty-foot equivalent unit (TEU) ships, the Liberty Times (the Taipei Times' sister newspaper) reported yesterday.
The cancelation could impact on the company's previous contracts with local clients, including Yang Ming Marine Transport Corp and Wan Hai Lines Ltd, which may face postponement of deliveries, the report said, citing a letter from the firm's union ...... Read more on Taipei Times
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