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.
Taiwan’s foreign exchange reserves hit a record high at the end of last month, surpassing the US$600 billion mark for the first time, the central bank said yesterday. Last month, the country’s foreign exchange reserves rose US$5.51 billion from a month earlier to reach US$602.94 billion due to an increase in returns from the central bank’s portfolio management, the movement of other foreign currencies in the portfolio against the US dollar and the bank’s efforts to smooth the volatility of the New Taiwan dollar. Department of Foreign Exchange Director-General Eugene Tsai (蔡炯民)said a rate cut cycle launched by the US Federal Reserve
Handset camera lens maker Largan Precision Co (大立光) on Sunday reported a 6.71 percent year-on-year decline in revenue for the third quarter, despite revenue last month hitting the highest level in 11 months. Third-quarter revenue was NT$17.68 billion (US$581.2 million), compared with NT$18.95 billion a year earlier, the company said in a statement. The figure was in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$17.9 billion, but missed the market consensus estimate of NT$18.97 billion. The third-quarter revenue was a 51.44 percent increase from NT$11.67 billion in the second quarter, as the quarter is usually the peak
Nvidia Corp’s major server production partner Hon Hai Precision Industry Co (鴻海精密) reported 10.99 percent year-on-year growth in quarterly sales, signaling healthy demand for artificial intelligence (AI) infrastructure. Revenue totaled NT$2.06 trillion (US$67.72 billion) in the last quarter, in line with analysts’ projections, a company statement said. On a quarterly basis, revenue was up 14.47 percent. Hon Hai’s businesses cover four primary product segments: cloud and networking, smart consumer electronics, computing, and components and other products. Last quarter, “cloud and networking products delivered strong growth, components and other products demonstrated significant growth, while smart consumer electronics and computing products slightly declined,” compared with the
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of