Taiwan’s leading shipbuilder, CSBC Corp Taiwan (CSBC, 台灣國際造船) unveiled a plan yesterday to expand its ship repair services to meet a possible rise in repair demand following the recent opening of direct shipping links with China.
CSBC chairman Cheng Wen-lon (鄭文隆) said revenue from ship repairs contributed 5 percent of the company’s total revenues, but the segment was expected to get a significant boost following the launch of cross-strait shipping.
In particular, the lack of any large shipbuilding or ship repair facilities along the Chinese coast between Shanghai and Guangzhou means the business could be even more lucrative, Cheng said.
Targeting this new business opportunity, the company is planning to set up floating docks to strengthen its ship repair capacity, he said.
PROFITS
This year, the company, which completed its privatization on Thursday, is expected to post profits amounting to NT$6 billion before deductions for the retirement pension reserve fund.
Its profits will be the highest recorded in the 35 years since the company was established, Cheng said.
CSBC is holding shipbuilding orders amounting to NT$120 billion, which will keep its production lines busy for the next three-and-a-half years, he said.
GLOBAL CHALLENGE
Cheng said that the privatized CSBC would work to enhance its international competitiveness, upgrade its production efficiency and strengthen cost control to further improve its performance.
CSBC vice president Wang Ko-hsuan (王克旋) said that the global shipbuilding industry had suffered because of the worldwide recession, with orders for more than 240 bulk carriers and 27 container vessels canceled around the world.
However, CSBC has not faced such problems because its main clients are top ship owners, such as Taiwan-based Yang Ming Marine Transport Corp (陽明海運) and Wan Hai Lines Ltd (萬海航運), and Japan-based Marubeni Corp, Wang said.
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
RSS