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China allows transhipment in Taiwan Strait

China allows transhipment in Taiwan Strait

Beijing: In what will be a major fillip to hard-pressed Taiwanese lines such as Evergreen, Yang Ming and Wan Hai, China's Ministry of Transport said it will relax its rules and allow container shipping companies that ply the Taiwan Strait to carry transhipment cargo, or goods originating from other economies, reports Dow Jones

Taiwanese and Chinese container shipping companies can also carry empty containers that belong to or are rented by companies that don't have approval to operate direct cross-strait shipping links, China's Ministry of Transport said in a statement on its website this week, without specifying when the new rules will take effect.

Unlike China, Taiwan doesn't have any restrictions on transhipment cargo or empty containers. Taiwan and China established direct cross-strait shipping links in December 2008, but only Taiwanese and Chinese ships registered in Taiwan, China, or Hong Kong are allowed to ply the cross-strait route, and cargo was limited to goods originating from Taiwan or China. [30/12/09]