Taipei, June 1 (CNA) Shares in Taiwan moved lower Wednesday, as investors locked in their gains from the previous session, amid renewed concerns over inflation, after a spike in international crude oil prices, dealers said.
Yang Ming Marine Transport Corp is not considering conducting a capital reduction in the short term, but might evaluate the possibility of retiring some stock repurchased from the market, company chairman Cheng Cheng-mount told an annual shareholders’ conference in Keelung yesterday. Cheng’s comment came after several minor shareholders suggested that Yang Ming Marine Transport should .
TAIEX
<strong>Foreigner stock buys surge</strong>
Foreign investors last week bought a net NT$7.73 billion (US$265.23 million) of local shares after buying a net NT$2.18 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold NT$773.03 billion of local shares since the beginning of the year, the exchange said. The top three shares bought by foreign investors last week were Innolux Corp (群創光電), Yang Ming Marine Transport Corp (陽明海運) and AU Optronics Corp (友達光電), while the top three shares sold by foreign investors were Shin Kong Financial Holding Co (新光金控), Yuanta Financial Holding
Taiwan’s shipping companies are facing serious shortages of maritime crew members due to the effects of the COVID-19 pandemic and the ongoing Russia-Ukraine war on the global shipping industry. The Maritime Port Bureau (MPB) on Tuesday (May 24) held an MOU signing ceremony for a sea crew incubation project, which marks the first time the .
Lloyd’s Register Maritime Decarbonization Hub is working with 11 leading cross-supply chain stakeholders to develop a fleet fuel transition strategy that can enable the establishment of a highly scalable Green Corridor Cluster. Initiated by the Lloyd’s Register Maritime Decarbonization Hub, The Silk Alliance brings together a diverse group of organizations.