Two container wharfs newly expanded for Evergreen Marine Corp (
The Tacoma Port Authority spent less than two years completing the container wharf expansion work and transferred its use to Evergreen Marine, Asia's biggest container shipper, for a 20-year lease period at a ceremony attended by Evergreen Group Vice Chairman Kuo Hsuan-yu (郭宣瑜) and port officials.
Efficiency
Speaking at the ceremony, Kuo said that the inauguration of the new wharfs with advanced equipment will help Evergreen Marine upgrade its shipping efficiency.
Timothy Farrell, executive director of Port of Tacoma, said the new project will further boost the economic development in the Tacoma area.
The port authority invested US$210 in the first-stage expansion project alone, which includes two 17m deep wharfs with a total area of 150 hectares and modern infrastructure, Farrell said.
Volume
The completion of the first-stage expansion project will help the marine transport company increase its container handling volume to 840,000 TEUs (20-foot equivalent units) annually, Farrell said.
If Evergreen decides to carry out further expansion, its annual container handling volume will go up to 1.2 million TEUs, he said
Tacoma is the sixth-largest container port in North America.
New Deal
In view of a growing shipping business in China, earlier this month Evergreen signed a deal with the Chinese city of Ningbo for its first-ever port investment project in China. But such an investment was being routed through Evergreen's Italian shipping line, Lloyd Triestino, to avoid the sensitivity of direct investment in infrastructure projects in China, Hong Kong's South China Morning Post reported.
According to the Containerization International monthly, Evergreen is the world's third-largest container shipping line after Maersk-Sealand and Meditteranian Shipping Co (MSC). Evergreen has 151 container ships, of which 110 are self-owned.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth
RSS