Keelung Harbor, the largest and deepest natural seaport in northern Taiwan, could be developed into a base for direct shipping operations across the Taiwan Strait in the long term, the Council for Economic Planning and Development said yesterday.
The area of West Piers 2 to 4 of the harbor could be zoned to a district exclusively reserved for cross-strait direct shipping operations and could become operational soon after the government approves the opening of direct shipping links across the Taiwan Strait, council officials said.
In the short term, the officials said, Keelung Harbor will be developed into a transshipment center hosting industrial processing operations and global goods distribution operations.
The officials said that the value of a full container berthed at a Taiwanese harbor soars by a factor of three if its contents are processed simply, while the value jumps 11-fold if the contents are fully processed.
The officials noted that it takes an average of only two hours and 55 minutes for an airplane departing Taiwan to reach the seven major cities on the west side of the Pacific Ocean, and only 53 hours for a ship departing Taiwan to reach the five major seaports around the Asia-Pacific region,making Taiwanese harbors, particularly Keelung Harbor, excellent choices for intercontinental transshipment operations.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) halted shipments to a customer this month after its semiconductors were sent to China’s Huawei Technologies Co (華為), potentially breaching US sanctions, a government official said. The US slapped sanctions on Huawei in 2019, and expanded them the following year, over fears its technology could be used for Beijing’s espionage operations. The restrictions prevent TSMC from selling semiconductors to Huawei. However, TSMC discovered on Oct. 11 that chips made for a “specific customer” had ended up with the Chinese company, a Taiwanese official with knowledge of the incident said on the condition of anonymity. TSMC “immediately activated
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Shares of Starlux Airlines Co (星宇航空) surged more than 53 percent on its debut on the Taiwan stock exchange yesterday. Starlux shares closed up 53.75 percent at NT$30.75 from its initial public offering price of NT$20 after retreating in late trading from a 60 percent rise. China Airlines Ltd (CAL, 中華航空) rose 0.90 percent to close at NT$22.35, while EVA Airways Corp (長榮航空) gained 0.40 percent to close at NT$37.70. In Taiwan, a newly listed stock is allowed to go beyond the 10 percent maximum increase or decline in its first five trading sessions. At the listing ceremony, Starlux chairman Chang Kuo-wei (張國煒) said
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