Taiwan’s CSBC Corp is bucking the trend by not slashing shipbuilding capacity in response to the tough market.
Instead, it is investing in the sector, with plans to spend $80m installing two new and larger goliath cranes early next year.
Partially state-owned CSBC is replacing its existing 350-ton goliath cranes with 800-ton-capacity units. The new equipment will be ready for use by the end of 2020, enabling CSBC to increase productivity by one-third.
