Testing Times for Taiwan Traffic
With China conducting significant military drills and missile tests around Taiwan between Thursday and Sunday, there is potential for substantial disruption to trade in the region. VesselsValue’s data shows that there are currently 256 Containerships, Tankers, and Bulkers in Taiwanese territorial waters, with a further 60 estimated to arrive before the conclusion of the drills on Sunday.
Of the Containerships, Tankers and Bulkers that have a predicted destination of Taiwan the current count is 308, of which 60 are estimated to arrive between Thursday and Sunday when the military drills will be performed.
As the show of China’s military force commences, we will monitor what effect this has on trade to and from Taiwan, along with the impact that Nancy Pelosi, the US House speaker’s Taiwanese visit may have on US and Chinese trading relations.
VesselsValue data as of 3rd August 2022.