CSBC Corporation, Taiwan (, literally "Taiwan International Shipbuilding Corporation") is a company that produces ships for civilian and military use in Taiwan. It is headquartered in Kaohsiung, with shipyards in Kaohsiung and Keelung. It was a state-owned enterprise before privatization via an IPO in 2008. Operations In 2021 government and naval vessels accounted for 60% of CSBC’s operations. Modification and repair As of 2019 ship repair accounted for 3–5% of CSBC revenues, with the company working to increase that share because of favorable margins in the space. In 2019 CSBC Corp. completed a green retrofit of a 13,000 TEU container ship owned by Orient Overseas Container Line. Modifications included a flue gas desulfurization system to bring the ship into compliance with United Nations IMO 2020 emissions goals. History CSBC Corporation, Taiwan, formerly known as China Shipbuilding Corporation (CSBC, ), is the result of the merger of Taiwan Shipbuilding Corporation and China Shipbuilding Corporation. Shipbuilding in Taiwan began in 1937 during the Japanese colonial period when Mitsubishi Heavy Industries Corporation founded the Taiwan Dockyard Corporation. Following Japan's defeat in World War II, the Republic of China authorities established Taiwan Machinery and Shipbuilding Company by merging the existing Taiwan Dockyard Corporation with Taiwan Steel Works and Tōkō Kōgyō Corporation. Two years later, in 1948, the company split into two state-owned companies called Taiwan Machinery Corporation and Taiwan Shipbuilding Corporation (TSBC). China Shipbuilding Corporation (CSBC) was founded in 1973 and reverted to a government-owned company in 1977. CSBC and TSBC merged in 1978 and was known as China Shipbuilding Corporation until 2007. On 9 February 2007, the board approved the name change to CSBC Corporation, Taiwan. Critics argued that the name change was another case of Chen Shui-bian's de-Sinicization act, while proponents argued that the name change would help to avoid potential confusion with Mainland China. In 2008 CSBC’s production value reached 1.131b USD, 54% of Taiwan’s total shipbuilding industry output for that year. According to its website, the company has built container ships, one-of-a-kind commercial ships and semi-submersible heavy-lift transport ships, including the . Furthermore, it has built ships, submarines and advanced naval weapons for the Republic of China Navy, patrol vessels for the Coast Guard Administration, and research vessels for the Taiwan Ocean Research Institute. CSBC is participating in the development of the first domestic Taiwanese AUV. In 2018 CSBC entered into an alliance with Yang Ming Marine Transport Corporation, Taiwan