CSBC set its sights on $300m new orders

TAIWANESE shipmaker CSBC Corp is on its way to clinching a $300m bulk vessel order from Taiwan Power Co, and is in talks with Yang Ming Marine Transport on a new order for six container vessels.

Mark Chueh, sales director of CSBC, told Lloyd’s List that the firm has been negotiating with Taiwan Power Co regarding an order for four 93,000 dwt coal carriers.

The deal, if it goes ahead, will be the first bulk ship order CSBC it has taken since it completed three 202,000 dwt capesize bulk carriers for China Steel Corp last year.

The ship price has not been confirmed yet, said Mr Chueh. But another industry source close to the deal said the price range for each bulker is likely to be between $70m and $75m.

Swamped by existing orders for 20 boxships from Yang Ming, which includes eight 8,240 teu, four 6,600 teu, five 4,500 teu and three 4,250 teu vessels, the two yards of CSBC were previously said to be occupied until 2012, but the shipbuilder has managed to squeeze some space at its Kaohsiung yard for the new bulker order.

“We plan to deliver one of the four bulk ships in 2010, one in 2011 and the remaining two in 2012,” said Mr Chueh.

On the massive orders from Yang Ming, Mr Chueh said Taiwan’s second largest shipping line was considering the purchase of six more 4,500 teu vessels from CSBC that could be delivered from the second half of 2012.