Yang Ming Posts Year-on-year Profit Increase
Yang Ming announced an increase in third quarter profits of 23.4 percent from the same quarter last year. At its board meeting on November 9, the company approved the financial report that showed revenues for the third quarter of 2017 rising to $1.2 billion from $958 million in the third quarter of 2016. This was largely due to frieght rates increasing over the last few periods and higher that average demand during the annual peak season. Their volumes for the third quarter were reported at 1.2 million TEUs, an 11 percent increase from the same quarter last year. The company also announced plans to expand its operations in the Mediterranean and South East Asia. Yang Ming is in talks with the Taiwan International Port Corporation to form a joint venture and invest in Indonesia.
China Province Starts Taiwan Direct Shipping Route
North China's Hebei Province recently opened the first direct cargo route to Taiwan when a cargo of 36,000 tonnes of coal left Qinghuadao Port for Taiwan Direct trade routes between China & Taiwan have been frozen for a number of years. The Wuxing 6 bulk carrier left Qinghuadao Port, China's largest coal transfer port, for the Taitung and Kaohsiung ports in Taiwan, Tuesday marking the first cargo shipment between Hebei and Taiwan. The Wuxing 6 is owned by the Qinghuangdao Wuxing Shipping Company and received approval from the mainland's Transport Ministry in April to sail directly to Taiwan.
Taiwan Greets German Gas Hydrates Research Ship
The research ship 'Sonne' has arrived in Kaohsiung to help Taiwan scientists explore for gas hydrates off the country's SW coast. The research ship docked at the Port of Kaohsiung, where local experts led by National Taiwan University oceanography professor Saulwood Lin and researchers from the Leibniz Institute of Marine Sciences in Germany shared ideas on the potential energy source, reports Focus Taiwan. Interest in this new energy source comes at a time when Taiwan is debating its energy future…
Taiwan Mulls Increased Regional Maritime Cooperation
Taiwan's coastguard wants to improve cooperation with the Philippines and conduct joint search and rescue exercises despite tense standoffs in disputed waters in recent months, a senior coastguard official said on Thursday. The two sides have agreed to work toward joint exercises and have already held discussions on how to conduct rescue operations, Cheng Chang-hsiung, deputy minister of Taiwan's Coast Guard Administration, told Reuters in an interview. "Now we are moving toward exercises. This is the direction of our efforts. Both sides are making the effort," Cheng said. In late May and early June, Philippine and Taiwan coastguard ships faced off in disputed waters south of Taiwan to protect their fishing vessels and try to assert territorial rights.
Beijing: China and Taiwan have S.China Sea Obligations
Both China and Taiwan have an obligation to assert claims to the South China Sea, China's Foreign Ministry said on Wednesday, in a sign of rare political agreement between the old foes on either side of the Taiwan Strait. Rivals China and Taiwan share claims to virtually the entire South China Sea, a legacy of the Chinese civil war when the Communists beat the Nationalists and took control of the Chinese mainland in 1949. The Nationalists settled on Taiwan and as the "Republic of China" still claim to be the legitimate rulers of greater China. Beijing regards Taiwan as a breakaway province and has never renounced the use of force to bring it under its control. This week, Taiwan's Foreign Ministry reiterated its claims to the South China Sea.
James Fisher Subsea Excavation Completes Project in Taiwan
Global subsea excavation specialist James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons plc, said it has completed its first project in Taiwan. Experts from the mass/controlled flow excavation (M/CFE) provider deployed the shallow draft Twin R2000 tool to de-bury and retrench a cable for maintenance as part of the prominent Formosa 1 wind farm development for its client, cable lay contractor Woen Jinn Harbor (WJH). The Twin R2000’s non-contact method and ability…
China Angered by U.S. Frigate Sale to Taiwan
U.S. arms sales to Taiwan attract strong opposition from Beijing. China expressed anger on Friday after the U.S. State Department said it had authorized the sale of two surplus U.S. Navy frigates to Taiwan for $190 million, subject to congressional approval, amid rising tension in the South China Sea. China considers self-ruled Taiwan a wayward province, to be brought under its control by force if necessary. Defeated Nationalist forces fled to Taiwan in 1949 after the Chinese civil war. U.S. arms sales to democratic Taiwan always attract strong opposition from Beijing, though they have not ended up causing lasting damage to ties between China and the United States or between China and Taiwan.
Navy Aims to Stall Submarine Deal with Taiwan
Last summer, the U.S. Navy billed the Taiwan government $2.5m to cover the cost of a little-known operation dedicated to helping Taipei close a ground-breaking arms deal to acquire eight American-made diesel submarines. But after investing about $8m since 2001, Taiwan refused to pay, despite Navy warnings in two August 2005 memos that it would shut down its submarine "pre-selection" operation without more money, a move sure to trigger long delays and higher costs. When President Bush approved Taiwan's request for arms in April 2001, the weapons deal was heralded as a turning point in U.S. relations with the Taiwan government, which clamored for years to augment its four aging submarines -- two of them World-War II-era boats from U.S.
China Plans Live-Fire Drills in Taiwan Strait
Taiwan drills already underway. The Chinese military will hold three days of live-fire drills in the sensitive Taiwan Strait starting from Friday, the government said in a notice issued to warn shipping away from the area. China claims self-ruled Taiwan as its own and has never renounced the use of force to bring the democratic island under its rule. Defeated Nationalist forces fled to Taiwan after losing a civil war with the Communists in 1949. Ties have generally improved under Taiwan President Ma Ying-jeou, who has signed a series of landmark trade and economic pacts with China, but deep suspicions remain on either side. In a brief statement on Thursday…
Ships Ready to Repair Undersea Cables
Taiwan's Chunghwa Telecom Co. said two repair ships will soon start fixing undersea cables damaged last week by an earthquake off the island's coast that resulted in a major disruption to telephone and Internet links across Asia. The two ships will take two to three weeks to complete their task, said a senior official at Chunghwa Telecom, Taiwan's largest telecommunications company, the International Herald Tribune reported. One of the ships is Japanese registered and sailed to Taiwan from Japan. The other, British registered, sailed to Taiwan from the Philippines, he said. Both are specially equipped to repair undersea cables and had to complete other repair work before setting out for Taiwan. The Dec.
Feel What it's Like to be a Shipbuilder on New Website
The National Archives Administration (NAA) of Taiwan launch a website featuring aspects of the country's shipbuilding history. Since 2004, the NAA has digitized the historical files of eight state-run enterprises that were set up in the 1960s and 1970s but were later privatized, including Taiwan Chung Hsing Paper Co., Ltd. , Kaohsiung Ammonium Sulfate Corp., Taiwan Veterans Pharmaceutical Co., Ltd., Taiwan Salt Industrial, Chung Hwa Telecom, Taiwan Machinery Manufacturing, and Tang Iron Works. Through these historical files readers can get an understanding of one of Taiwan's ten major development projects, the 1970s Kaohsiung Shipyard development, as well as information about the most expensive ship and the largest ship ever built in Taiwan's shipbuilding industry.
Taiwan To Get Submarines, Ships
The U.S. decision to help Taiwan buy eight diesel submarines will be a boon to the island's navy, enabling it to break any naval blockade imposed by its communist rival China. The submarines will also be a big deterrent to a Chinese attack, and perhaps more importantly, analysts say, they will give Taiwan's navy an offensive capability. "I think the decision to sell us eight submarines is a very exciting development," said military affairs academic and commentator Holmes Liao. U.S. President George W. Bush put off a possible sale of the Aegis naval air defense system to Taiwan on Monday, but offered Taiwan four Kidd-class destroyers, a dozen P-3 "Orion" submarine hunter aircraft and eight diesel submarines built in Europe.
Port of Hueneme Board President Shows the Flag in Taiwan
Port of Hueneme Board President Mary Anne Rooney reported to the World Affairs Council (WAC) of the Central Coast on the national leadership mission to Taiwan ROC she attended with 9 other WAC representatives representing New Hampshire, New York, North Carolina, Pennsylvania, South Dakota, Texas, Washington and Washington, DC. “It was an honor and privilege to represent the United States on this leadership mission and I developed valuable insights about Taiwan,” Rooney said. The…
Security Concerns Prevent Taiwan Firm's Use of Chinese Vessels
A Taiwanese company has withdrawn notice to use Chinese vessels on a renewable energy project off the island, the port authority said on Thursday, after opposition lawmakers cited security concerns about the joint operation. The last-minute decision to drop the vessels underscores the island's concerns about possible surveillance by Beijing, and comes a day after the Taiwan government said it was making security checks on a Chinese smartphone company. The "Huadian 1001", a Chinese platform vessel, and a towing vessel, departed China's Nantong in Jiangsu Province earlier this month for Taichung port, after getting the all-clear from Taiwan's Maritime and Port Bureau to ply Taiwan waters. The Chinese-registered vessels had been contracted to work on Taiwan's first offshore wind project.
Is Taiwan in Market for Submarines?
A day after the President Ma Ying-jeou said that Taiwan needs diesel-electric submarines rather than nuclear-powered ones and has decided to build the type of craft it requires, the country's Ministry of National Defense reiterated that it has still not given up on the idea of buying submarines from the United States. According to local media, Ma said Taiwan does not need nuclear-powered submarines as that type of craft is unsuitable for the country's surrounding waters, but it does need diesel-electric submarines and has decided to build them itself.
Panama Invites China and Taiwan for Canal Ceremony
Taiwanese President-elect Tsai Ing-wen and Chinese President Xi Jinping have both been invited to the inauguration ceremony of the newly expanded Panama Canal on June 26. Tsai Ing-wen's invitation from its Panamanian diplomatic ally is drawing local media attention as Chinese leader Xi Jinping has also been invited to the same event. Aside from focusing on the possibility of a "Tsai-Xi" meeting on the sidelines, Panama's intentions need to be scrutinized with regard to a possible resumption of a diplomatic recognition tug-of-war across the Taiwan Strait.
Typhoon Disrupts Taiwan Shipping
Typhoon Saola closes ports in Taiwan and causing severe disruption to shipping. Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is advising that Typhoon Saola is causing severe disruption to shipping in Taiwan with all ports now closed and cargo operations suspended - with the exception of Kaohsiung on the west coast of the country. The Taiwan Central Weather Bureau’s latest sea warning area covers the sea of north, northeast and southeast of Taiwan, and the north and south Taiwan strait. It has also issued a land warning predicting torrential rain in the northern, eastern and northeastern areas overnight. ISS Taiwan is continuing to monitor events in the country on behalf of shipowners and operators and will keep clients updated in the coming days.
Taiwan Shipbuilder Denies Orderbook Collapse
According to an April 19 report from the Taiwan News, Taiwan International Shipbuilding denied reports that its business had collapsed after Zim Integrated Shipping Services Ltd. canceled order. Vice General Manager Wang Ko-hsuan told Taiwan News that Zim Integrated Shipping did cancel a plan to buy six ships, but it still had more than 50 vessels left to build. Ko-hsuan said there would be no layoffs for five years and no wage cuts. (Source: Taiwan News)
MCC Transport’s New Weekly Indonesia to Japan Service
MCC Transport launched of a new weekly Indonesia - Japan Service (TS4) that links the ports of Indonesia directly with those in Japan, Taiwan and South China. The TS4 service goes on a 28 days rotation, covering the following ports: Tokyo (Japan), Yokohama (Japan), Nagoya (Japan), Osaka (Japan), Kobe (Japan), Keelung (Taiwan), Taichung (Taiwan), Kaohsiung (Taiwan), Hong Kong (China), Shekou (China), Jakarta (Indonesia), Surabaya (Indonesia), Shekou (China), Hong Kong (China), Xiamen (China) and Tokyo (Japan). The first sailing will be on the TS Nagoya, which is scheduled to depart Tokyo on 23 June 2010. www.mcc.com.sg
Taiwan Shipbuilding Output Forecast to Top $1.6b
The production value of Taiwan's shipbuilding industry is expected to amount to $1.6b for 2007, up 21 percent over the year-earlier level, according to tallies released Thursday by the Industrial Development Bureau (IDB) under the Ministry of Economic Affairs. For the first 11 months of this year, Taiwan's state-owned shipbuilder, CSBS Corp., Taiwan, saw its revenue amount to NT$26.2 billion and its pre-tax net profit hit a record-high of NT$4 billion, the officials said. Source: Business in Asia Today
Evergreen’s New Line from Taiwan to China
Evergreen Line's 1140-TEU Uni-Adroit set sail across the 100-mile-wide Taiwan Straits for China's northern Xingang port on December 15, 2009 opening a new era of direct ocean shipping following a ceremony at Kaohsiung harbor overseen by Taiwan's President Ma Yin-Jiu. The direct link ends a nearly 60-year suspension of such services between Taiwan and the China mainland. The new direct service was accelerated with the election and inauguration of President Ma earlier this year. The two nations signed an agreement in November to ensure the opening of trade as beneficial to both economies.
Taiwan Boosts Coast Guard Presence on Disputed Island
Taiwan will increase its coast guard presence on a small island in the disputed South China Sea Spratlys, the coast guard chief said Wednesday, as rival China asserts its claims to the same chain. Taiwan has largely kept out of disputes between China and its neighbours in the South China Sea, through which $5 trillion in ship-borne trade passes every year. China, the Philippines, Vietnam, Malaysia, Taiwan and Brunei all have overlapping claims. Rival claims to the island by Taiwan and China go back to before defeated Nationalists fled to Taiwan after losing the Chinese civil war with the Communists in 1949. China to this day considers self-ruled Taiwan a renegade province, to be united with the mainland by force if necessary.
Taiwan's New Name Changes Annoy China
What's in a name? Quite a bit if you're talking about China-Taiwan relations, reports the China Post. China considers Taiwan part of its territory and is deeply suspicious of any move that downplays the island's cultural and historical ties to China or suggests the island is an independent entity. The two sides split in 1949 when the Nationalists were forced to flee China after a protracted civil war. Taiwan's ruling Democratic Progressive Party headed by embattled President Chen Shui-bian, however, favors a stronger Taiwanese identity. On Monday, Chunghwa Post, the island's postal service, became Taiwan Post Co., a move the government said was necessary to distinguish it from the Mainland's China Post. "Chunghwa" is another term for China.