Taiwan’s T.S. Lines

Taiwan’s T.S. Lines has reported profits of USD21.49 million, which has been achieved by responding accordingly to challenging conditions caused by Covid-19 with the company withdrawing from the US trades and concentrating on operating intra-Asian and Asia-Australian routs. Chen Te Shen, Chairman of T.S. Lines said that there is a silver lining in the pandemic, as oil prices have collapsed to an 18-year low, resulting in low-Sulphur fuel becoming cheaper. This has meant compliance with the International Maritime Organization’s emissions cap was more affordable.