China’s COSCO Group (中國海運集團), owner and operator of one of the largest container ships in the world, is eyeing Kaohsiung Harbor as a transshipment center to bolster transshipping and logistics services.
The 10,000 twenty-foot equivalent unit (TEU) COSCO Oceania anchored at Kaohsiung Harbor on Wednesday after the historic inauguration of direct cross-Taiwan Strait shipping links on Monday, unloading around 50 containers and loading some 900 containers before heading for Hong Kong en route to Europe.
The COSCO Oceania, the largest container ship in Asia and one of the largest in the world, embarked from the Chinese port of Tianjin on Monday and arrived at Kaohsiung 55 hours later to become the first Chinese ship to visit a Taiwanese port via direct shipping links since 1949.
COSCO Group chairman Wei Jiafu (魏家福), who flew into Taiwan on Monday to witness the inauguration of the direct links, attended a reception at Kaohsiung Harbor yesterday and said that the COSCO Group was having an even bigger container ship built — a 13,500 TEU vessel to be named the COSCO Kaohsiung — which will ply its global routes with Kaohsiung Harbor as one of its key transshipping points.
Also speaking at the reception, Kaohsiung Harbor Administration Director-General Hsieh Ming-hui (謝明輝) said the harbor’s history would be rewritten when the COSCO Kaohsiung makes its maiden voyage to Kaohsiung Harbor in 2010.
Taiwan and China resumed daily direct passenger flights, cargo flights and shipping links on Monday. Ships can sail between 11 ports in Taiwan and 63 ports in China without being required to transit through a third region.
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks. The new factory, adjacent to UMC’s existing Singapore fab in the Pasir Res Wafer Fab Park, is scheduled to enter volume production next year, utilizing mature 22-nanometer and 28-nanometer process technologies, UMC said in a statement. The company plans to invest US$5 billion during the first phase of the new fab, which would have an installed capacity of 30,000 12-inch wafers per month, it said. The
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his