Taiwan Shipbuilding Output Forecast to Top $1.6b

The production value of Taiwan's shipbuilding industry is expected to amount to $1.6b for 2007, up 21 percent over the year-earlier level, according to tallies released Thursday by the Industrial Development Bureau (IDB) under the Ministry of Economic Affairs.

For the first 11 months of this year, Taiwan's state-owned shipbuilder, CSBS Corp., Taiwan, saw its revenue amount to NT$26.2 billion and its pre-tax net profit hit a record-high of NT$4 billion, the officials said. Source: Business in Asia Today