Tsai Hsin-wen

Tsai Hsin-wen, general manager of Sea-Land Service (Taiwan), told the newspaper that he was unhappy that CSC wants to keep one-third of the shares in its share release.

CSC President Fan Kuang-nan told Deutsche Presse-Agentur dpa that he welcomed Sea-Land Service's interest in bidding for the CSC stake but stressed CSC must preserve the government's stake.

"So bidding requirements remain the same as the first round."Fan said.

But Tsai said his company wants to take the lead in CSC.

"Sea-Land Service is willing to consider CSC's suggestion that we form a consortium with China Steel Corp. and Yangming Marine to take part in the bidding, but we must maintain the leading role in the consortium," Commercial Times quoted Tsai as saying.

"If Sea-Land Service cannot have the leading role, we would rather bid on our own," Tsai said.