Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor because of dwindling business, a harbor official said yesterday.
“Maersk Line rents three container berths at Kaohsiung Harbor. The lease for the No. 75 berth will expire in October, but Maersk has asked to terminate it ahead of the expiry date,” said the official who requested anonymity.
The Chinese-language Liberty Times (the Taipei Times’ sister newspaper) said Maersk was also considering ending its lease of the other two berths at Kaohsiung Harbor, which will expire in May next year.
The company’s Taiwan agent, Maersk Taiwan Ltd, confirmed the decision to terminate the lease for the No. 75 berth.
“It is all because of slump in business,” a staff member who withheld her name said.
Maersk is part of the A P Moller group, the world’s largest container line with 550 ships.
Currently, six foreign container shipping companies have leased 11 berths at Kaohsiung Harbor.
Kaohsiung Harbor was the world’s third-biggest container port during the 1980s.
Howeverm, its ranking has been slipping rapidly in recent years as other countries, especially China, have expanded their ports or built new ones.
Last year, Kaohsiung fell off the list of the top 10 ports, dropping to No. 12 from No. 7 in 2007.
Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to grow its revenue by about 25 percent to a new record high next year, driven by robust demand for advanced technologies used in artificial intelligence (AI) applications and crypto mining, International Data Corp (IDC) said yesterday. That would see TSMC secure a 67 percent share of the world’s foundry market next year, from 64 percent this year, IDC senior semiconductor research manager Galen Zeng (曾冠瑋) predicted. In the broader foundry definition, TSMC would see its market share rise to 36 percent next year from 33 percent this year, he said. To address concerns
Intel Corp chief financial officer Dave Zinsner said that a formal separation of the company’s factory and product development divisions is an open question that would be decided by the chipmaker’s next leader. Zinsner, who is serving as interim co-CEO following this month’s ouster of Pat Gelsinger, made the remarks on Thursday at the Barclays technology conference in San Francisco alongside co-CEO Michelle Johnston Holthaus. Intel’s struggles to keep pace with rivals — along with its deteriorating financial condition — have spurred speculation that the next CEO would make dramatic changes. That has included talk of a split of the company’s manufacturing
PROTECTIONISM: The tariffs would go into effect on Jan. 1 and are meant to protect the US’ clean energy sector from unfair Chinese practices, the US trade chief said US President Joe Biden’s administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the Office of US Trade Representative (USTR) said tariffs on Chinese-made solar wafers and polysilicon would rise to 50 percent from 25 percent and duties on certain tungsten products would increase from zero to 25 percent, effective on Jan. 1, following a review of Chinese trade practices under Section 301 of the US Trade Act of 1974. The decision followed a public comment period after the USTR said in September that it was considering