Taiwan Turmoil Prompts Detours, Delays for Global Shipping
- China is carrying out military exercises around Taiwan
- Some LNG vessels are being rerouted or reducing speed
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China’s announcement of military drills around Taiwan as US House Speaker Nancy Pelosi visits the island is creating ripple effects across global supply chains, prompting detours and delaying energy shipments.
Gas suppliers are rerouting or reducing speed on some liquefied natural gas vessels currently en route to North Asia, according to people familiar with the matter. Shipments to Taiwan and Japan this weekend will be affected, said the people, who requested anonymity as the information isn’t public.