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.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
A man walks past real-estate advertisements outside a house in Taipei yesterday. The central bank yesterday said it plans to establish an “Inflation-at-Risk” gauge as a supplementary tool for observing inflation, as policymakers express wish to communicate more effectively with the public when making inflation forecasts.
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS