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Stock impact report

Taiwan Says Suspects Hong Kong-owned Ship Of Damaging Subsea Cable [Barron's]

Chunghwa Telecom Co., Ltd. (CHT) 
US:NYSE Investor Relations: cht.com.tw/en/ir/stockit-earningsit.html
Company Research Source: Barrons
The Cameroon-flagged vessel was intercepted by the coast guard on Friday after Taiwan's Chunghwa Telecom reported damage to a subsea cable. The vessel, which is owned by a Hong Kong person and was crewed by seven Chinese nationals, was ordered to return to waters off Keelung port in northern Taiwan for inspection, the coast guard said in a statement. But coast guard personnel were unable to board the ship due to rough seas and too much time had passed for the vessel to be held further, so it was allowed to sail for South Korea's Busan port. Taiwan has asked South Korean authorities for assistance in the investigation into the ship, which also sails under the Tanzanian flag with two sets of automatic identification system signals, the coast guard said. "An analysis of the ship's historical trajectory has yet to reveal its true intent," the coast guard said. "However, the possibility of a Chinese-flag of convenience ship engaging in grey-zone harassment cannot be ruled out," Show less Read more
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