Evergreen Group (長榮集團), Taiwan’s largest shipping company, yesterday said chairman Chang Yung-fa (張榮發) had been named “Newsmaker of the Year” by Lloyd’s List.
Lloyd’s List is a London-based international marine publication which provides information and analysis on the global shipping industry. It was scheduled to hold an awards ceremony in Singapore last night to announce this year’s 17 Lloyd’s List Asia Awards.
Evergreen said the award showed recognition for the impact that Chang had on the development of the global shipping industry and of world trade over the past 12 months.
A recent interview with Chang by CNBC’s Managing Asia showed Chang was one of the most impressive people in the shipping industry, Evergreen said.
In the interview, Chang talked about his efforts to establish Evergreen Marine Corp (長榮海運) and then expand to the airline and hotel businesses, the group said.
In the previous years when the shipping industry was booming, Chang defied the trend of other shippers to order many large container ships. He believed such expansion would only raise operating costs and impact the bottom line, the group said.
As a result, Evergreen, which had very litte debt, has encountered less financial pressure than other firms, the group said.
In 2006, Chang was the first Asian to be awarded the “Lifetime Achievement Award” by Lloyd’s List.
Evergreen Group encompasses shipping, transportation and associated service companies. It was formed in 1975 from the diversification of the original Evergreen Marine Corp.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS