The Taichung Port has surpassed the Keelung Port to become the nation’s second-largest, the Ministry of Transportation and Communications (MOTC) said on Tuesday, citing statistics from harbor bureaus.
Taichung Harbor Bureau statistics showed that the total cargo handled at that port topped 90.7 million tonnes for the first time this month.
Kaohsiung Port, which handles about 381 million tonnes of cargo per year, is the nation’s largest seaport
Keelung Port handles about 63.5 million tonnes of cargo per year. Part of the cargo previously handled at Keelung Port is now processed at Taipei Port instead. The Taipei facility was opened in 2003.
The ministry said the total cargo handled reached 88.6 million tonnes between January and last month, registering 21 percent growth compared with same time last year. The total containers handled also grew by 13.92 percent.
The analysis from Taichung’s harbor bureau showed that several types of cargo have seen strong growth this year. Cement rose by 21.44 percent to more than 432,700 tonnes. Petrochemical products and liquefied natural gas increased by 66.82 percent to 2.2 million tonnes. The most extraordinary growth was seen in the automobile industry, which rose by 105.89 percent.
Meanwhile, the huge amount of land owned by Taichung Port has drawn 59 companies to invest in the port, with total investment topping NT$457.5 billion (US$15.3 billion). Thirty firms have also established operations in its free-trade zone.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
HSBC Bank Taiwan Ltd (匯豐台灣商銀) and the Taiwan High Prosecutors Office recently signed a memorandum of understanding (MOU) to enhance cooperation on the suspicious transaction analysis mechanism. This landmark agreement makes HSBC the first foreign bank in Taiwan to establish such a partnership with the High Prosecutors Office, underscoring its commitment to active anti-fraud initiatives, financial inclusion, and the “Treating Customers Fairly” principle. Through this deep public-private collaboration, both parties aim to co-create a secure financial ecosystem via early warning detection and precise fraud prevention technologies. At the signing ceremony, HSBC Taiwan CEO and head of banking Adam Chen (陳志堅)
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or