Companies Align to Form Taipei Port Consortium

Friday, August 17, 2001
Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor.

Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid.

Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million.

Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said.

The estimated T$20 billion port project, which would be located in Taipei county, aims to bring its first berth with 250,000 20-foot equivalent units (TEUs) capacity into service in 2006, harbor officials have said.

The build-operate-transfer (BOT) container project, which has a designed capacity of 1.75 million TEUs, would allow the operator to run the berths for 50 years before handing it back to the state.

After completion of its seven berths, the Taipei harbor would rank as the third largest on the island, behind the southern port in Kaohsiung and Keelung.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Stena Bulk Joins World Ocean Council

Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

Ports

Melbourne Box Pot Lining Up Bidders

Three of Australia's largest infrastructure funds plan to bid for the country's largest container terminal in a sale expected to fetch about A$5 billion ($4.27 billion) for Victoria state,

Jetty Construction near Lorong Halus Jetty, Singapore

From 28 November 2014 to 28 May 2015, work will be carried out for the construction of a jetty near Lorong Halus Jetty. According to the Maritime and Port Authority

Vacant Pier to Help Ease Long Beach Congestion

Pier S temporary depot to relocate empty containers for next five months    The Port of Long Beach expects a “Temporary Empty Container Depot” planned for a vacant

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1353 sec (7 req/sec)