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CSBC Corporation, Taiwan

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Not to be confused with China State Shipbuilding Corporation or China Shipbuilding Industry Corporation.
CSBC Corporation, Taiwan
Native name
台灣國際造船股份有限公司
Company typePublic
TWSE: 2208
IndustryShipbuilding
Founded1937; 87 years ago (1937)
HeadquartersSiaogang, Kaohsiung, Taiwan
Key people
Cheng, Wen-lon (Chairperson)
Wei, Cheng-Tzu (President)
OwnerMinistry of Economic Affairs (22.21%)
Websitewww.csbcnet.com.tw

CSBC Corporation, Taiwan (Chinese: 台灣國際造船; pinyin: Táiwān Guójì Zàochuán, literally "Taiwan International Shipbuilding Corporation") is a company that produces ships for civilian and military use in Taiwan. It is headquartered in Kaohsiung, with shipyards in Kaohsiung and Keelung. It was a state-owned enterprise before privatization via an IPO in 2008.

Operations

In 2021 government and naval vessels accounted for 60% of CSBC’s operations.[1]

Modification and repair

As of 2019 ship repair accounted for 3–5% of CSBC revenues, with the company working to increase that share because of favorable margins in the space.[2]

In 2019 CSBC Corp. completed a green retrofit of a 13,000 TEU container ship owned by Orient Overseas Container Line. Modifications included a flue gas desulfurization system to bring the ship into compliance with United Nations IMO 2020 emissions goals.[3]

History

Keelung Yard, CSBC Corporation, Taiwan

CSBC Corporation, Taiwan, formerly known as China Shipbuilding Corporation (CSBC, Chinese: 中國造船; pinyin: Zhōngguó Zàochuán), is the result of the merger of Taiwan Shipbuilding Corporation and China Shipbuilding Corporation.

Shipbuilding in Taiwan began in 1937 during the Japanese colonial period when Mitsubishi Heavy Industries Corporation founded the Taiwan Dockyard Corporation. Following Japan's defeat in World War II, the Republic of China authorities established Taiwan Machinery and Shipbuilding Company by merging the existing Taiwan Dockyard Corporation with Taiwan Steel Works and Tōkō Kōgyō Corporation. Two years later, in 1948, the company split into two state-owned companies called Taiwan Machinery Corporation and Taiwan Shipbuilding Corporation (TSBC).

China Shipbuilding Corporation (CSBC) was founded in 1973 and reverted to a government-owned company in 1977. CSBC and TSBC merged in 1978 and was known as China Shipbuilding Corporation until 2007.[4]

On 9 February 2007, the board approved the name change to CSBC Corporation, Taiwan.[5] Critics argued that the name change was another case of Chen Shui-bian's de-Sinicization act, while proponents argued that the name change would help to avoid potential confusion with Mainland China.[6] In 2008 CSBC’s production value reached 1.131b USD, 54% of Taiwan’s total shipbuilding industry output for that year.[7]

According to its website, the company has built container ships, one-of-a-kind commercial ships and semi-submersible heavy-lift transport ships, including the MV Blue Marlin. Furthermore, it has built ships, submarines and advanced naval weapons for the Republic of China Navy, patrol vessels for the Coast Guard Administration, and research vessels for the Taiwan Ocean Research Institute.[8] CSBC is participating in the development of the first domestic Taiwanese AUV.[9]

In 2018 CSBC entered into an alliance with Yang Ming Marine Transport Corporation, Taiwan Navigation Co Ltd, and Taiwan International Ports Corporation to provide marine services to Taiwan's burgeoning offshore wind power sector.[10] CSBC has a joint venture with DEME Wind Engineering to offer wind farm construction in East Asia. In 2019 they were hired by Copenhagen Infrastructure Partners to transport and install wind turbines at two new wind farm off Taiwan.[11] The two wind farms have a combined capacity of 600MW and are expected to be completed by 2023.[12]

CSBC has been contracted to build eight conventional attack submarines for the Republic of China Navy.[13] The model featured an X-form rudder.[14] The initial project contract is for US$3.3 billion with projected procurement costs of US$10bn for a fleet of ten boats.[15]

CSBC is set to deliver ten 2,800 TEU container vessels to Yang Ming Marine Transport Corporation between January 2020 and February 2021.[16][17]

In July 2019 CSBC launched the CSBC No. 15, a barge designed to support CSBC’s offshore wind power business. The barge has a loading capacity of 23,000 metric tons and a loading deck bearing strength 20 metric tons per square meter. It is 41 meters wide by 140 meters long and cost NT$700 million to build.[18]

In October 2021 CSBC launched the YM Cooperation for Yang Ming Marine Transport Corporation, the 2,940 TEU containership has a high level of modularity and environmental sustainability.[19]

Ships built

Government

Commercial

  • CMA CGM Fort Saint Louis
  • CMA CGM Fort Saint Pierre
  • CMA CGM Fort Sainte Marie
  • CMA CGM Fort Saint Georges
  • Pan Shi Fast Combat Support Ship (AOE-532)
    Pan Shi Fast Combat Support Ship (AOE-532)
  • Yushan landing platform dock (LPD-1401)
    Yushan landing platform dock (LPD-1401)
  • 127 Xinbei, a 2000-ton patrol vessel built for Coast Guard Administration
    127 Xinbei, a 2000-ton patrol vessel built for Coast Guard Administration
  • 102 Wei Hsung, a 1,800-ton patrol vessel built for the Coast Guard Administration in 1992
    102 Wei Hsung, a 1,800-ton patrol vessel built for the Coast Guard Administration in 1992
  • Sea-Based X-Band Radar enters Pearl Harbor on 9 January 2006 on its way to Adak Island, Alaska, transported by MV Blue Marlin
    Sea-Based X-Band Radar enters Pearl Harbor on 9 January 2006 on its way to Adak Island, Alaska, transported by MV Blue Marlin
  • CMA CGM Fort St Pierre, launched 2003
    CMA CGM Fort St Pierre, launched 2003
  • Chiayi-class offshore patrol vessel
    Chiayi-class offshore patrol vessel

CSBC and one of its ships is featured in episode two of the National Geographic Channel’s Superstructures: Engineering Marvels.[20]

See also

References

  1. ^ Li, Martina (31 August 2021). "Taiwan shipbuilder CSBC eyes containership build-and-lease business". theloadstar.com. The Loadstar. Retrieved 31 August 2021.
  2. ^ Shih-ching, Kao (29 January 2019). "CSBC Corp optimistic about its repair business with contract for two vessels". www.taipeitimes.com. Taipei Times. Retrieved 10 July 2019.
  3. ^ DeAeth, Duncan (9 July 2019). "Taiwan's CSBC Corp. completes desulfurization mod on 13,000-TEU container ship". www.taiwannews.com.tw. Taiwan News. Retrieved 9 July 2019.
  4. ^ "About CSBC". www.csbcnet.com.tw. CSBC. Retrieved 10 July 2019.
  5. ^ "NAME CHANGE OF CPC TO TAKE EFFECT IMMEDIATELY: ECONOMICS MINISTER". Archived from the original on 2007-09-28. Retrieved 2007-02-10.
  6. ^ "State-run firms begin name change". Taipei Times. 2007-02-10. Archived from the original on 2007-04-02. Retrieved 2007-05-06.
  7. ^ "Shipbuilding industry in Chinese Taipei" (PDF). www.oecd.org. OECD Council Working Party on Shipbuilding (WP6). Retrieved 5 December 2019.
  8. ^ Morgan, Scott (28 June 2018). "Taiwan's new ocean research fleet to be delivered in June 2019". taiwannews.com.tw. Taiwan News. Archived from the original on 23 April 2019. Retrieved 23 April 2019.
  9. ^ Chen Chih-chong and, Kuan-lin Liu. "Taiwan plans to launch its first indigenous AUV within 5 years". focustaiwan.tw. Focus Taiwan. Retrieved 14 May 2019.
  10. ^ Chen, Ted (11 January 2019). "CSBC unveils alliance to tap demand for offshore wind marine services". www.taipeitimes.com. Taipei Times. Retrieved 10 July 2019.
  11. ^ Durakovic, Adnan (20 May 2019). "CSBC-DEME Wind Engineering and CIP Sign Turbine Installation Contract". www.offshorewind.biz. Offshore Wind. Retrieved 10 July 2019.
  12. ^ Durakovic, Adnan (8 July 2019). "Boskalis Cracks Asian Offshore Wind Market". www.offshorewind.biz. Offshore Wind. Retrieved 10 July 2019.
  13. ^ Banks, Martin (May 2019). "In Face of Chinese 'Aggression' Taiwan Beefs Up its Own Defenses". intpolicydigest.org. International Policy Digest. Retrieved 8 May 2019.
  14. ^ Everington, Keoni (10 May 2019). "Model of Taiwan's domestically-made submarine revealed". taiwannews.com.tw. Taiwan News. Retrieved 14 May 2019.
  15. ^ Jennings, Ralph (9 May 2019). "Taiwan breaks ground to build its own submarines". Los Angeles Times. Retrieved 10 July 2019.
  16. ^ "Three Container Vessel Operators Partner with Navis for Loading Computer in Newbuildings". finance.yahoo.com. Yahoo Finance. Retrieved 10 July 2019.
  17. ^ Ang, Irene (August 2018). "CSBC lands $500m Yang Ming feeder boxship order". www.tradewindsnews.com. Trade Wind News. Retrieved 10 July 2019.
  18. ^ Frances Huang, Wei Shu and. "New CSBC barge begins operations, eyes wind power business". focustaiwan.tw. Focus Taiwan. Retrieved 4 August 2019.
  19. ^ Strong, Matthew (October 2021). "Taiwan shipbuilder launches green container ship". www.taiwannews.com.tw. Retrieved 1 October 2021.
  20. ^ "Superstructures: Engineering Marvels". nationalgeographic.com. National Geographic. Retrieved 24 April 2019.
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