The Taiwanese shipbuilder will construct the vessels forSingapore-based investment fund Iseaco Holdings, it said in a stock exchangefiling.

Iseaco will shell out $25m apiece for the pair which are dueto hit the water in the early stages of 2016.

CSBC is building 12 of the boxships for Hong Kong-listedSITC International, all of which were ordered at its Keelung yard last year.

The first eight vessels were booked in April at a cost of$23m each with the final four ordered in September at the slightly higher priceof $23.8m.

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