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CSBC inks order to build two container vessels

CSBC inks order to build two container vessels
Taiwan’s CSBC Corp has confirmed an order to build two 1,800 teu container vessels for TS Lines, with an option for an additional two similar units.

The first of the newbuildings is expected to be delivered in the second half of 2017. Financial details of the deal were not disclosed.

State-owned CSBC’s latest contract with TS Lines followed closely from an earlier order made by Evergreen Marine for the construction of five feeder container vessels at a price of $185m to $195m in total.

Before the latest order win streak this year for these feeder-sized boxships, CSBC’s last order win was in October 2014, in a deal to build four 65,000 dwt semi-submersible heavylift cargo vessels for Singapore’s Greenland Petroleum.

Meanwhile, the Taiwanese shipyard is also planning to establish an overseas joint venture shipbuilding and equipment production facility in China as part of its long term growth plan.