Taiwan’s EMI to quit shipping market

Taipei: Eastern Media International (EMI), a Taiwan-based enterprise which is engaged in bulk shipping, tourism, digital media and real estate, is considering quitting the shipping sector after its current chartering contracts expire.

According to Shang-Wen Liao, president of EMI, one capesize bulker chartering contract will expire in April 2016 and the chartering contracts of the rest 12 panamax bulkers will gradually expire before the end of 2019. Liao said the company will not extend these contracts and will look to quit the shipping sector, and move its focus to media, e-commerce and trade. [25/06/14]

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