Market
What actions will the international consortium take in response to the cable damage by June 30, 2025?
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Taiwan•South Korea•Chinese•Shunxing39•Keelung•Taiwanese•Chunghwa Telecom•Cameroonian•Jie Yang Trading Limited•Hong Kong•Pusan•South Korean•NTT•Korea Telecom•China Telecom
Resolution / Starting Odds
Increased security measures • 25%
Legal action against Shunxing39 • 25%
No significant action • 25%
Other actions • 25%
Official announcements from consortium members like AT&T, NTT, or Korea Telecom
Story
Taiwan Seeks South Korea's Help Over Shunxing39, Suspected in Anchor-Dragging Cable Sabotage
Jan 5, 2025, 10:03 AM
Taiwan has requested South Korea's assistance in investigating a Chinese-owned cargo vessel, Shunxing39, suspected of damaging a subsea communications cable near Taiwan's northern coast on January 3. The incident occurred close to the port of Keelung, and Taiwanese authorities, including Chunghwa Telecom, believe the damage may have been caused by anchor-dragging, which they have suggested could be an act of sabotage. The Shunxing39, which is registered under a Cameroonian flag but owned by Jie Yang Trading Limited, a Hong Kong-based company, is currently en route to Pusan, South Korea. Taiwan's coast guard has asked South Korean authorities to investigate the ship upon its arrival, as they were unable to question the captain. The damaged cable, which connects Taiwan to the U.S. West Coast, is part of an international consortium involving companies such as AT&T, NTT, Korea Telecom, and China Telecom. Taiwan has expressed concerns about potential Chinese efforts to disrupt its external communications, citing past incidents involving Chinese vessels damaging undersea cables.
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Other resolution • 25%
Insurance covers • 25%
Russia compensates • 25%
No compensation • 25%
Legal actions against Shunxin39 • 25%
No additional actions taken • 25%
Diplomatic actions against China • 25%
Increased maritime security measures • 25%
Joint EU investigation • 25%
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Sabotage confirmed • 25%
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Taiwan, South Korea, and China • 25%
Taiwan and South Korea only • 25%
Taiwan, South Korea, and other countries • 25%
Taiwan only • 25%
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Accidental damage by Shunxin39 • 25%
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Accidental maritime incident • 25%
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Undetermined cause • 25%
Russian sabotage • 25%
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Installation of surveillance systems • 25%
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International diplomatic actions • 25%