Taiwan has rarely been regarded as a yachting destination on the world map, but it is believed to have potential for domestic yacht sales, as an increasing number of Taiwanese are becoming interested in yachting.
Taiwan’s yacht manufacturing industry is on the rise, said Han Pi-hsiang (韓碧祥), founder and CEO of the Greater Kaohsiung-based Jong Shyn Shipbuilding Corp (中信造船), who has been a strong supporter over the years of government plans to build yachting marinas.
SHOW STEALER
Photo: CNA
An exclusive yacht built by Han’s company at a cost of NT$300 million (US$10 million) stole the show at the inauguration of a marina at the Wushi (烏石) port in Yilan County on June 23. The ship, made with top-quality materials, is Han’s sample in his bid to attract global buyers.
After visiting the 30m long yacht in Yilan, Fisheries Agency Director-General James Sha (沙志一) praised the vessel as a work of excellent craftsmanship and attention to detail. He was particularly impressed by the marble floor, which he said is thinner than normal.
Han said he had already sailed the yacht to Qingdao, Shanghai and Hainan in China, as well as Hong Kong and Singapore, to take part in yacht expositions to promote Taiwan’s shipbuilding technology.
Having been in the business for several decades, Han said that Taiwan’s yacht-building techniques have been lifted to the “exquisite” level, but prices remain “fair” compared with European brands.
“Taiwanese work is substantive and on a par with Europe,” he said.
ECONOMIES
Optimistic about the outlook for Taiwan’s yacht industry, the veteran shipbuilder said he expects more Taiwanese to get involved with yachting — a big business in Europe, the US and Japan — thanks to the rise of Asia’s economies and the government’s relaxation of restrictions on recreational sailing along the coasts of Taiwan.
Of President Ma Ying-jeou’s (馬英九) i-Taiwan 12 public construction projects aimed at stimulating the nation’s economic growth, three fishing ports — Badouzi (八斗子) in Keelung, Wushi in Yilan and Anping (安平) in Greater Tainan — have been selected as locations for new marinas to help develop yachting in the nation.
The Badouzi Port Bisha Marina was inaugurated on Sept. 21 last year, while the Anping facility is expected to open next month, Han said, adding that he will take his boat there to help promote yachting.
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market value closed above US$1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence (AI) demand. TSMC saw its Taiwanese shares climb to a record high on Friday, a near 50 percent rise from an April low. That has made it the first Asian stock worth more than US$1 trillion, since PetroChina Co (中國石油天然氣) briefly reached the milestone in 2007. As investors turned calm after their aggressive buying on Friday, amid optimism over the chipmaker’s business outlook, TSMC lost 0.43 percent to close at NT$1,150