Taiwan's largest shipbuilder CSBC Corp is slated to sign a contract with Taiwan Power Co for the building of four 93,300 tonne coal carriers.

A CSBC source said that the four bulk carriers, designed for operation in the expanded Panama Canal are scheduled to be completed in two years and to be christened and launched by the end of 2011.

The sources said that the ship building contract will create an estimated 3,500 jobs and contribute to lifting the sagging economy in southern Taiwan. He added that the contract worth some TWD 6 billion (USD 181.81 million) is the biggest order that CSBC Corp.

(Sourced from China Post)