Evergreen Group (長榮集團) founder Chang Yung-fa (張榮發) yesterday rebutted a report that his group’s container shipping unit would pull out of Kaohsiung Port to save money.
“How could Evergreen withdraw its operations from the fifth container wharf of Kaohsiung Port given that Kaohsiung is an irreplaceable operating base in southern Taiwan?” Chang said in Singapore, where he arrived on Monday for a five-day visit.
Evergreen Group owns Evergreen Marine Corp (長榮海運), the nation’s largest container shipping company by revenue.
A TV station had reported that Evergreen might halt operations at Kaohsiung Port and instead launch services at a container wharf at Taipei Port that is jointly operated by Evergreen, Wan Hai Lines Ltd (萬海航運) and Yang Ming Marine Transport Corp (陽明海運).
Pulling out of Kaohsiung would save Evergreen up to NT$3 billion (NT$88.2 million) a year in rental fees, the report claimed.
Chang is in Singapore to inspect Evergreen’s operations and promote Morals Monthly Digest, a magazine he launched in January last year and distributes for free to promote traditional moral values.
Chang also announced the launch of Evergreen Marine (Singapore) Pte Ltd and plans to bring 13 ships presently flying the Panamanian flag to Singapore, where they will be registered.
One of the vessels began flying Singapore’s flag earlier this month.
In the future, the company’s Singapore-based fleet will increase to around 50 vessels, Chang said.
Evergreen pulled out of Singapore in 2002, saying the port fees were excessive, and moved its fleet to Malaysia.
The company said in December it would return to the city-state to take advantage of Singapore’s Approved International Shipping Enterprise scheme.
Under the program, international shippers that establish their operations in Singapore get 10-year tax holidays on qualifying shipping income.
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
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
RSS