A company executive is betting big on marina development in Taiwan, as the government aims to boost the number of dedicated recreational yacht berths to 1,600 from 1,138 by 2025.
Taiwan could make its dream of having thousands of sailboats and yachts make port calls in the country a reality by speeding up the construction of new marina berths, ARGO Yacht Club (亞果遊艇會) president Ho Yu-lin (侯佑霖) said.
ARGO operates three marinas, in Kaohsiung, Penghu County and Tainan’s Anping District (安平).
Photo: CNA
The 12-hectare Tainan Anping Yacht City is a members-only yacht club providing an array of amenities including restaurants and a hotel resort operated by Singapore’s Banyan Tree Group (悅榕集團), according to the company.
The Anping club was developed after the company received rights in 2017, after which 62 berths were completed. ARGO plans to increase that number to 170 in an expansion project.
Although recreational berths can be found in fishing ports throughout Taiwan, only about 200 have electricity and water charging stations for yachts and sailboats, Ho said.
Regarding the government’s “blue ocean highway” plans, Ho said that a major obstacle is the requirement for private marina operators to fund dredging work without government subsidies or loans.
Dredging consists of maintaining proper channel depth within a marina, and is essential for vessels such as yachts, ferries and private boats to navigate through the facility. Consistent dredging is necessary for safety and to keep a marina operating at maximum capacity throughout the year.
Ho is nevertheless optimistic about the potential of the blue ocean highway plan, and said that ARGO plans to expand its foothold in Taichung and Taipei.
Taiwan has many areas with adequate infrastructure for developing piers for yachts, he said.
More yacht berths that meet international standards would diversify the tourism industry and allow Taiwan better capacity to resupply boaters sailing between Northeast and Southeast Asia, Ho said.
Taiwan is pushing to expand its recreational boating sector, with plans to add six dedicated zones for yachts and sailboats, bringing the number to 24, and create about 460 berths to bring the total to 1,600, with a target date of 2025, the Maritime and Port Bureau said.
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
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
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