09/01/2023 | Press release | Distributed by Public on 09/01/2023 00:15
TIPC appreciates HMM's plans to upgrade its operations at Kaohsiung into an Asia-Pacific operations center and to invest at least US$120 million over the next decade to upgrade container yard facilities and equipment. HMM will use its Kaohsiung base to service global shipping needs, creating a closer-knit, high-quality service network. For its part, TIPC has been actively upgrading port facilities to meet the needs of increasingly large container carriers and modernizing its wharf facilities and services. TIPC is commencing work to dredge Wharf Nos. 77 and 78 to a new standard depth of -17m, which, once completed, will allow these wharves to handle the world's currently largest, Megamax (24,000)-class container ships.
HMM has maintained long-term lease agreements on dedicated wharves at Port of Kaohsiung since 1996 and continuously upgraded its vessels and fleet capabilities, adding a total of twelve 24,000TEU Megamax vessels to its fleet since 2020. Furthermore, HMM joined the THE shipping alliance, founded by Yang Ming Marine, Hapag Lloyd, and Ocean Network Express, in April 2020. Through this 20-year lease, TIPC hopes to regularly bring more HMM and THE-alliance container ships to Port of Kaohsiung as well as to develop new, profitable routes and sources of transshipment cargoes. TIPC is committed to providing high-quality, client-focused services and business-friendly port-operating environments to ensure long-term, sustained prosperity for both TIPC ports and their shipping company clients.