State-run Taiwan International Ports Corp. (TIPC), which manages all of Taiwan's ports, signed a letter of intent Monday with Tianjin Port (Group) Co. to have the ports of Kaohsiung and Tianjin combine their respective strengths in doing business with the rest of the world.
TIPC Chairman Hsiao Ding-hsun signed the deal with Yu Rumin, chairman of Tianjin Port (Group) Co., at the Splendor Kaohsiung Hotel on Monday.
Chi Wen-chung, the director of the Department of Navigation and Aviation under the Ministry of Transportation and Communications who also attended the deal-signing ceremony, said the deal will help increase the flow of cash and traffic between the two sides.
Hsiao said Tianjin harbor handled 11.59 million 20-foot equivalent units (TEUs) in 2011, ranking No. 11 in the world.
At present, Taiwan and mainland China have 64 direct navigation routes, of which 13 are linked to Tianjin port, Hsiao said, and he expected the deal to help draw investment from around the world to the two harbors. Container traffic at Kaohsiung port totaled 9.6 million TEUs in 2011, ranking 12th in the world.
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State-run Taiwan International Ports Corp. (TIPC), which manages all of Taiwan's ports, signed a letter of intent Monday with Tianjin Port (Group) Co. to have the ports of Kaohsiung and Tianjin combine their respective strengths in doing business with the rest of the world.
