Container shipper Wan Hai Lines Ltd (萬海航運) yesterday said that it does not expect significant losses or operational disruptions following the collision of one of its vessels near a Malaysian port.
A Singapore-registered Wan Hai cargo vessel collided with a Gibraltar-registered container ship operated by Germany’s HLL Pacific Schiffahrts GmbH late on Tuesday evening, Reuters reported.
Wan Hai said that its staff were working with local port authorities and insurance companies.
Hull damage sustained by the German firm’s vessel in the collision resulted in 300 tonnes of oil spilling into the eastern Straits of Johor, a narrow body of water separating Singapore and Malaysia, the report said.
There were no reports of injuries and 12 vessels had been sent to clean up the mid-sized oil spill, the Singaporean Maritime and Port Authority was quoted as saying in the report.
The Wan Hai 301 — a 16-year-old cargo ship with a capacity of 2,496 twenty-foot-equivalent units — was making its way to Singapore, Hong Kong, Taiwan and South Korea, Wan Hai said, adding that its vessel did not leak oil as a result of the collision.
Wan Hai shares yesterday fell 0.6 percent to NT$16.55 in Taipei trading.
Wan Hai reported net income of NT$349 million (US$10.82 million) in the first nine months of last year, compared with NT$4.22 billion in the same period in 2015.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for