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Mainland shippers plan to invest in Taiwan's top port

(chinadaily.com.cn)
Updated: 2009-06-05 14:34

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Three major mainland shipping companies plan to invest in the biggest Taiwanese port in Kaohsiung, a top port official has said, as cross-Straits trade ties grow.

China COSCO, China Shipping Container Lines Co Ltd and China Merchants Group plan to invest in Kaohsiung port, the world's eighth largest in 2008.

"COSCO's plans are on the drawing board right now. They will have a more specific investment plan by the end of next year," said Shieh Ming-hui, director-general of the Kaohsiung Harbour Bureau.

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 TEUs...

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