Taiwan supports its shipping lines

Konecranes to supply five hybrid rubber-tired gantry cranes to CMA CGM Kaohsiung Terminal in Taiwan, with delivery set for mid-2025.

Four seafarers from the sunken cargo ship Fu Shun remain missing off Taiwan’s coast after Typhoon Gaemi, with the captain’s body found.

Typhoon Gaemi has sunk a tanker off the Philippines, killing one crew member, and a general cargo vessel off Taiwan, leaving six crew members missing.

The United Nations Conference on Trade and Development’s (UNCTAD) Review of Maritime Transport 2019 reported that costs
associated with the transition to low-sulphur fuel could trigger another round of consolidation in the container shipping sector

The European Commission (EC) has fined several ocean carriers engaged in the transport of finished vehicles and automotive parts and components a total of €546M for anti-competitive practices, including alleged collusion on freight rates.

China Cosco Shipping Corp (CCSC) and Yang Ming Line are the latest carriers to put in place deferral strategies for some of their ships. Their moves follow rising concerns that overcapacity in 2018 could have another negative impact on freight rates and stall the liner shipping industry’s recovery of the past 12 months.