Commentary from Peter Williams, Trade Flow Analyst at VesselsValue. 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.
Figure 1: Containerships, Tankers, and Bulkers currently in Taiwanese territorial waters
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.
Figure 2: Containerships, Tankers and Bulkers that have a predicted destination of Taiwan
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.
If you are looking for expert insights, data or commentary, please don’t hesitate to reach out to press@vesselsvalue.com. We are more than happy to assist with any requests
