Three major Chinese shipping companies plan to invest in the biggest Taiwanese port in Kaohsiung, a top port official said, as China and Taiwan forge closer trade ties, Reuters reported.
China COSCO, China Shipping Container Lines Co and China Merchants Group plan to invest in Kaohsiung port, the world's eighth largest in 2008.
"Cosco's plans are currently in the workings right now. They will have a more specific investment plan by the end of next year," Shieh Ming-hui, director-general of the Kaohsiung Harbour Bureau said.
Cosco is the world's largest dry bulk shipper.
None of the three have said how much money it would invest or how big a project it sees in Kaohsiung, which is Taiwan's biggest port with annual capacity of up to 10 million TEU.
The Chinese firms are expected to use areas of the port where they invest, and all three have visited Kaohsiung to explore their options, usually keeping a low profile, he said.
"After so many years of severed relations, they don't understand Taiwan," Shieh said.
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