Shippers rerouted vessels as China began its most provocative military drills in decades around Taiwan, with at least one owner barring ships from transiting the strait.
Shipping companies are rerouting vessels after China has advised ships and aircraft to avoid regions near Taiwan where Chinese military exercises are carried out in a response to US House Speaker Nancy Pelosi’s visit on the island.
BUSY WATERWAY: Shutting down transport routes due to Beijing’s live-fire exercises affects not only Taiwan, but also trade flows to Japan and South Korea, an analyst said/ Bloomberg