Taiwan has launched a relief package of more than TWD 30bn ($1bn) for its main shipping companies, with the coronavirus pandemic hitting the global container industry.

Officials from the Ministry of Transportation and Communications met the chairmen of Evergreen Marine and Yang Ming Marine Transport on Tuesday, to discuss the bailout plan and shipping market outlook.

In a statement issued after the meeting, transport minister Lin Chia-lung said: “The ministry will do its best to support the Taiwanese shipping industry during the crisis.