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01 October 2020 The on-line newspaper devoted to the world of transports 15:14 GMT+2

May 7, 2001

Bankruptcy warning for yard

Agence France-Presse in Taipei

Taiwan's debt-ridden China Shipbuilding Corp (CSBC) may go bankrupt before the end of the year as its losses snowball.

State-run CSBC had planned to make NT$300 million (about HK$71 million) in the second half of 1989 and 1990, but instead it lost NT$6.5 billion during the period, the China Times report said.

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