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.
It is understood that liner compatriot Evergreen will receive a similar amount, to provide liquidity and help the carrier survive the impact of Covid-19.
Lin Chia-lung, head of Taiwan’s Ministry of Transportation and Communications, told the Taipei Times the island depended “heavily on the development …
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https://theloadstar.com/taiwans-yang-ming-and-evergreen-in-line-for-a-540m-state-bailout/