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26 September 2021 The on-line newspaper devoted to the world of transports 06:27 GMT+2

April 20, 2009

CSBC to run idle on Israeli order loss
LAYOFFS: Fears spread that the cancelation of nearly 20 months of orders may prompt the ship builder to lay off employees or cut its payroll, but executives said not to worry

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 ......
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