News / Shipbuilder CSBC looks to box shipping boom to end its order drought

CNBC Corp

Taiwanese shipbuilder CSBC Corp has high hopes that the booming container shipping market will end its drought of merchant ship orders.

Yesterday, management announced they were in discussions with clients to build 15,000 teu and 2,000-3,000 teu vessels.

CSBC VP Chou Chih-ming said although the global economy was showing signs of weakness, due to the global target of achieving zero carbon emissions by 2050, shipping companies were increasing capital investments and rushing to order newbuilds to replace old and leased ships.

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