Taipei Opens Two Container Terminals

3/13/2009 8:41:10 AM

Three carriers invested $583 million in government plan to build regional hub. Evergreen Marine, Wan Hai Lines and Yang Ming have officially opened two container terminals in ceremonies in Taipei.   The new terminals, in which the three carriers invested $583 million, are part of the government’s plan to turn Taiwan into a regional hub.   The Port of Taipei was originally meant to handle only domestic cargo shipments, but was expanded to take advantage of cross-strait shipping with mainland China.   The three carriers also formed the Taipei Port Container Terminal Corp (TPCT) to manage operations of the terminal, with Evergreen holding 50 percent of the company’s shares, Wan Hai 40 percent and Yang Ming 10 percent.   A $764 million expressway connecting the Port of Taipei with major highways in the greater Taipei area was also opened to the public.   The Journal of Commerce Online

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