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This resulted in the decline of the
plywood industry in Taiwan. Ironically, Taiwan became one of the import
countries for plywood and other timber products. The decline of the
plywood industry was replaced by the supply of plywood processing
machinery, steel materials and equipment required during the industrialization
process of these Southeast Asian countries. In response to the change
in economic conditions, we reduced the percentage of our log carriers
and constructed five 2800dwt twin-deckers that can reach further inland
for loading and unloading to offer our clients more prompt and efficient
shipping services. At the same time, we invested in the construction
of 7000dwt twin deck bulk carriers and continued improving the standards
of our shipping facilities to ensure that cargo entrusted to us is
delivered to its destination safely and promptly. Our quality of service
won the admiration of the shipping industry.
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