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CSBC sinks to full year loss of $52m

Taiwan’s state-owned shipbuilder CSBC Corp has sank into the red in 2016 against the backdrop of challenging conditions in the shipbuilding industry.

Lee Hong Liang, Asia Correspondent

March 29, 2017

1 Min Read

Kalyakan - stock.adobe.com

Taipei-listed CSBC posted a loss of TWD1.57bn ($52m) last year as against a profit of TWD468.15m in 2015.

Full year revenue decreased by 26.6% year-on-year to TWD15.75bn.

The depressing state of the shipping and shipbuilding markets saw CSBC hit by an order cancellation from Syra Shipping for a feeder container vessel in February.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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