Royal Caribbean to invest in Taiwan Penghu

Taipei: The second largest cruise company in the world, Royal Caribbean, plans to invest in Penghu Jinlongtou port in Taiwan and develop the port into its potential homeport in Asia, Taiwanese local media has reported.

Yeh Kuang-shih, Minister of Taiwan’s Ministry of Transportation and Communications has instructed Taiwan International Ports Corporation (TIPC) to coordinate with Royal Caribbean on the investment plan.

Jinlongtou port currently belongs to the Taiwanese navy, and the navy has agreed to hand over the port and transfer its base to another port.

According to Hsiao Ding-Hsun, chairman of TIPC, Royal Caribbean is expected to propose a development plan by the end of January. [22/01/14]

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