Taiwan has rarely been regarded as a yachting destination on the world map, but it is believed to have potential for domestic yacht sales, as an increasing number of Taiwanese are becoming interested in yachting.
Taiwan’s yacht manufacturing industry is on the rise, said Han Pi-hsiang (韓碧祥), founder and CEO of the Greater Kaohsiung-based Jong Shyn Shipbuilding Corp (中信造船), who has been a strong supporter over the years of government plans to build yachting marinas.
SHOW STEALER
Photo: CNA
An exclusive yacht built by Han’s company at a cost of NT$300 million (US$10 million) stole the show at the inauguration of a marina at the Wushi (烏石) port in Yilan County on June 23. The ship, made with top-quality materials, is Han’s sample in his bid to attract global buyers.
After visiting the 30m long yacht in Yilan, Fisheries Agency Director-General James Sha (沙志一) praised the vessel as a work of excellent craftsmanship and attention to detail. He was particularly impressed by the marble floor, which he said is thinner than normal.
Han said he had already sailed the yacht to Qingdao, Shanghai and Hainan in China, as well as Hong Kong and Singapore, to take part in yacht expositions to promote Taiwan’s shipbuilding technology.
Having been in the business for several decades, Han said that Taiwan’s yacht-building techniques have been lifted to the “exquisite” level, but prices remain “fair” compared with European brands.
“Taiwanese work is substantive and on a par with Europe,” he said.
ECONOMIES
Optimistic about the outlook for Taiwan’s yacht industry, the veteran shipbuilder said he expects more Taiwanese to get involved with yachting — a big business in Europe, the US and Japan — thanks to the rise of Asia’s economies and the government’s relaxation of restrictions on recreational sailing along the coasts of Taiwan.
Of President Ma Ying-jeou’s (馬英九) i-Taiwan 12 public construction projects aimed at stimulating the nation’s economic growth, three fishing ports — Badouzi (八斗子) in Keelung, Wushi in Yilan and Anping (安平) in Greater Tainan — have been selected as locations for new marinas to help develop yachting in the nation.
The Badouzi Port Bisha Marina was inaugurated on Sept. 21 last year, while the Anping facility is expected to open next month, Han said, adding that he will take his boat there to help promote yachting.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km