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.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS