Under two separate deals, five 2,800 TEU container vessels would be built by Japanese builder Imabari Shipbuilding Co., Ltd. at a price ranging between USD 36-USD 39 million per vessel.
The remaining five 2,800 TEU containerships would be built by CSBC Corporation, Taiwan under the same pricing terms, putting the overall value of the contracts at up to USD 400 million.
The announcement comes as the shipping company steamed its way back to profit in the first quarter of 2015.
Namely, the company recovered from a loss worth TWD 1.69 million from 2014 to a profit of TWD 1.53 million (USD 50,200).
The rebounded results were mainly attributed to reduced operating costs