Taiwan’s Ministry of Transportation and Communications (MOTC) said on 19 May 2020 that it has launched a TW$30 billion (US$1 billion) aid package aimed, in part, at easing the financial strain on Yang Ming Marine Transport Corporation (YM) and Evergreen Marine Corporation (EMC).
Many businesses have been suffering amid the Covid-19 pandemic, which has slashed demand and disrupted supply chains. In particular, YM and EMC suffered Q1 losses, and YM, which is part-government owned, has found...
https://container-news.com/taipei-state-aid-to-prop-up-liner-operators/