China Shipbuilding for Taiwan Firm Likely Aiding Chinese Navy Build-up
Contracts between China's top state-owned shipbuilding firm and Taiwan's leading shipping company are likely lowering the costs of upgrading China's navy, posing security concerns for the island claimed by Beijing, a U.S. think tank said on Thursday.
China State Shipbuilding Corp (CSSC) is a key producer of vessels for China's rapidly expanding People's Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier.
Taiwan's Evergreen Marine Corp has purchased 44 vessels from China since 2018, all but two of which were ordered from shipyards that produce Chinese warships, including CSSC, the Center for Strategic and International Studies (CSIS) said in a report.
The Washington-based think tank said foreign companies, including from U.S. allies such as France, also buy ships from CSSC, which the United States has placed on an investment blacklist for U.S. individuals and companies due to its Chinese military links.
https://www.marinelink.com/news/china-shipbuilding-taiwan-firm-likely-495676