Taiwan to spruce up seven ports by 2026
Taiwan’s Ministry of Transport and Communications (MOTC) will invest US$1.37 billion in a five-year plan to upgrade seven of the island’s international ports.
The ministry’s Comprehensive Commercial Port Development Plan aims to boost aggregate container throughput to 18.6 million TEU and turn the ports of Kaohsiung, Taipei, Keelung, Hualien, Taichung, Anping and Su’ao into environmentally friendly and smart ports.
MOTC expects that, upon completion in 2026, the upgraded ports to create 13,000 jobs and attract around US$11 billion of investments.
Taiwan International Ports Corporation’s associate general manager, Wang Chin-jung said that each port has its own unique features.
Kaohsiung, Taiwan’s busiest container port, ranks 16th among the world’s container ports, having handled 9.62 million TEU in 2020. Wang hopes that after upgrading, Kaohsiung’s volumes can rise to 11.44 million TEU in 2026.
Source: Container News
Related News
12/08
2022
Yang Ming has announced that its net profit after tax and earnings per share (EPS) were US$4 billion (NT$116.11 billion) and US$1.1 (NT$33.25) respectively for the first half of the year.
19/06
2023
Sea-Intelligence reported that in terms of TEU*Miles (which also accounts for the distance a container has to travel), there was a sharp 6-month growth reduction that reverted to "only" a minor level of growth decline in March 2023.
01/12
2022
The OCEAN Alliance is upsizing its transatlantic service again by replacing four 8,500-10,000 TEU ships with four 11,000 to 14,000 TEU vessels.