CSBC receives cancellation order for feeder boxship

Cranes lift parts of a ship at the CSBC Corp. shipyard in Kaohsiung, Taiwan, on Monday, Aug. 16, 2010. CSBC Corp., Taiwan's biggest shipbuilder, said profit may fall this year as it works through low-margin orders placed by government-owned companies during the global recession. Photographer: Maurice Tsai/Bloomberg via Getty Images

CSBC Corp has received an order cancellation from Syra Shipping for a feeder container vessel.

CSBC announced that the termination of the shipbuilding contract was raised in accordance to the terms and conditions of the contract.

Syra Shipping had ordered the construction of the 1,800-teu boxship in January 2014 at the price of $25m.

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