The small town of Wilhelmshaven on Germany’s North Sea coast, with a population of only 81,000, is already the country’s largest naval base.
With its new Jade-Weser-Port container hub, Wilhelmshaven became Germany’s only deep water port and hopes to give Rotterdam and Antwerp a run for their money and become the main stopping point in Europe for supersize container ships arriving from Asia.
Since the mid-1950s, Wilhelmshaven has become the largest German import terminal for crude oil, with pipelines supplying refineries in the Rhine-Ruhr region and Hamburg, and also a major handling location for goods such as petroleum products, coal and chemical products.
Nevertheless, the Jade-Weser-Port Container Terminal will catapult the port into the world’s premier league, with the capacity to handle the largest container ships — including the future triple-E class ships that have a carrying capacity of 18,000 TEU or “twenty-foot equivalent unit,” which is the unit of measure in the sector.
Wilhelmshaven’s 18m deep port will allow these huge new giants to dock fully loaded independent of the tide at any time of night or day.
At the moment, the site is a vast stretch of sand with a few diggers and excavators, a scattering of buildings still under construction.
On the waterfront sit four giant 83m high cranes newly arrived from China, which will load and unload vast container ships that Wilhelmshaven hopes to soon welcome.
“They are the highest in the world,” boasts Jan Miller, director of the logistics zone next to the new container hub.
However, just when the cranes will start their work is still not certain. Officially, the port, which is costing more than 1 billion euros (US$1.25 billion) mostly from the regional state of Lower Saxony, is scheduled to open for business on Aug. 5. A ship of Danish group Maersk will be among the first to dock there, a spokesman said for the company, which is currently the only customer of the new port.
“We’re in talks with others, but we haven’t yet signed any concrete agreements,” Marcel Egger, director of the port operator Eurogate, said.
A neighboring industrial zone will be home to logistics and services companies, but there is only a single one there at the moment.
“Sure, there’s not going to be frenetic activity on the first day,” concedes Miller, but he predicted the port would be operating at full steam “in five or seven years.”
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
Prices of gasoline and diesel products at domestic fuel stations are this week to rise NT$0.2 and NT$0.3 per liter respectively, after international crude oil prices increased last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week snapped a two-week losing streak as the geopolitical situation between Russia and Ukraine turned increasingly tense, CPC said in a statement. News that some oil production facilities in Alberta, Canada, were shut down due to wildfires and that US-Iran nuclear talks made no progress also helped push oil prices to a significant weekly gain, Formosa said