page_title: Maritime industries of Taiwan
section_title: Shipbuilding
hierarchical_section_title: Maritime industries of Taiwan / Shipbuilding
caption_attribution_description: 中文（繁體）‎: 艤裝中的行政院海岸巡防署海洋巡防總局宜蘭艦（CG128）
context_page_description: The maritime industries of Taiwan are a large part of Taiwan’s economy. Industries of particular importance are shipbuilding, boat building, maritime transport, aquaculture, mariculture, commercial fishing, seafood processing, offshore wind power and various forms of tourism. Deep sea mining, especially of dormant hydrothermal vents, is also being considered for the future. In 2018 Taiwan was the fourth largest yacht building nation. Taiwan is home to a number of maritime museums and maritime colleges.
context_section_description: The modern shipbuilding industry of Taiwan began in 1948 when the Government established the Taiwan Shipbuilding Corporation (TSBC) in Keelung. In 1957 the US based Ingalls Shipbuilding Corporation established the Ingalls Taiwan Shipbuilding and Drydock Company, which subsequently rented the TSBC shipyard and produced 14 vessels between 1957 and 1962. The Government prioritized shipbuilding as one of the core industries of the economy, in 1973 they established the China Shipbuilding Corporation which was merged with TSBC in 1978. In 2008 the ship and boat building industry had a production value of 2.09b USD with CSBC accounting for 54% of production, small and medium yards 22% and yacht builders 16%.
  As of 2009 there were 116 shipyards (including 34 yacht builders) and 10 marine equipment companies in Taiwan. Major shipyards include CSBC Corporation, Taiwan, Jong Shyn Shipbuilding Company, and Lungteh Shipbuilding. Military and Coast Guard orders make up a large portion of shipbuilders books by dollar value. Between the Taiwanese Navy and the Coast Guard Administration Taiwan spends approximately a billion dollars a year on new vessel construction.
caption: Yilan (CG128) under construction
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