Taiwan Boosts Yacht Export
Taiwan's yacht industry saw its first double-digit growth in nearly a decade, indicating an inspiring revival led by development and sales of larger leisure boats, reports Chinese newspaper Commercial Times. The export value of Taiwan-made yachts hit US$172 million, up 13.16% year-on-year and marking the highest growth figure in five years. This is the first two-digit figure since the aftermath of the 2008 global economic crisis nearly halved Taiwan's sales of exported yachts to US$144 million in 2010. According to Chang Shueh-chiao, secretary-general of Taiwan Yacht Industry Association (TYIA), the growing export figures and the addition of US$10-20 million in local sales in 2014 are signs that the luxury boat industry in Taiwan can take a breather.
Wrist Ship Supply Strengthens Global Progam
World's largest ship supplier continues to expand customer management network. Wrist Ship Supply has appointed another dedicated global key account manager, based in Norway, as it continues to develop its operational network for customers. The complex procurement processes involved in providing food and other consumables to service hundreds of vessels at sea and managing the growing red tape and regulation around port and customs delivery access, plus calls for further seafarer health and nutritional standards has boosted demand for a dedicated third party provider of ship supplies. As the shipping industry continues to experience tough commercial times…
Taiwan Invites Stake in China Shipbuilding
The Taiwan Government is inviting bids for a majority stake in China Shipbuilding Corp, the island’s biggest shipbuilder, to help the company become more competitive and raise funds for public spending, according to a Bloomburg report. The Government aims to sell a stake of between 51 per cent and 66 per cent in the company, the shipbuilder said in a statement published in Taipei’s Commercial Times. The stake offered includes three billion new shares. The planned sale will release the company from policies and regulations that have constrained state-run companies, China Shipbuilding said in the prospectus to investors. Reducing state ownership to less than 50 per cent frees companies from having lawmakers review their budgets and from the Government’s management control.
