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  • 16 hours ago
Delays to Taiwan’s first domestically built submarine, called the Hai Kun, have triggered contract penalties for its builder. CSBC Corporation will now face daily fines of over US$6,000 per day. The vessel is preparing for test dives as part of its sea trials.

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00:00The builder of Taiwan's first self-made submarine, the Haikun, is on the hook for not delivering on time.
00:07The CSBC Corporation was supposed to hand over the vessel by the end of November, but has fallen more than two months behind schedule.
00:15The Navy says the firm will now be fined over $6,000 per day until delivery is made.
00:21Haikun is about to conduct test dives as part of its sea trials.
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