Kaohsiung Port is seeking to boost its competitiveness after handling fewer containers last year than in 2007 and is likely to see its global ranking fall again, the Kaohsiung Harbor Bureau said on Monday.
Hit by the global economic downturn and a dramatic fall in the country’s exports in the fourth quarter of last year, the southern port handled 9.67 million twenty-foot equivalent units (TEUs) last year, down 5 percent from 2007, bureau statistics showed.
With Kaohsiung possibly falling out of the world’s top 10 container ports last year, the bureau is exploring ways to reverse the decline, including launching several construction and dredging projects, bureau officials said.
Four deep-sea wharfs, scheduled to be completed in 2013, are expected to increase the port’s container handling capability by 2 million TEUs per year, the officials said.
Improved ties with China may also provide new momentum. Since direct shipping services were established across the Taiwan Strait in mid-December, the number of containers handled by the port has increased by an average of more than 200,000 TEUs per month, the bureau said.
To capitalize on the newly opened shipping links, the bureau intends to develop the port into a value-added distribution center and offer incentives to foreign shippers and warehousing companies to set up facilities there, officials said.
Kaohsiung Port is Taiwan’s largest deep-sea port and was once the world’s third-largest container port. It was ranked as the eighth-largest container port in the world in 2007 behind Dubai and ahead of Hamburg, Germany, handling 10.257 million TEUs per year.
The top five ports in the world were Singapore, Shanghai, Hong Kong, Shenzhen and Busan.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had