China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
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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