Yang Ming to order 13 newbuild box ships for fleet renewal and new markets
Yang Ming today announced plans to acquire 13 containerships ranging in capacity from 8,000 to ...
Photo: © Yali Shi | Dreamstime.com
By Mike Wackett
Yang Ming is to receive TW$8bn ($270m) in financial assistance from the Taiwan government.
The low-interest loan will be part of a fresh TW$16.5bn bailout package for Taiwan’s container sector.
Liner compatriot Evergreen will receive a similar amount, to provide liquidity and help the carrier survive the impact of Covid-19.
A spokesperson told The Loadstar today: Evergreen Marine Corporation has applied for TW$8bn in loans to be guaranteed by the government.
“The application is in process and the loan is subject to approval of ...
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