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At least 93 flights were cancelled at airports across the island on Wednesday, according to the Civil Aviation Administration.
The Maritime and Port Bureau said 96 ferry trips had been cancelled, according to the Central News Agency.
The typhoon may make landfall in the southeastern part of Taiwan overnight on Wednesday or Thursday morning, according to meteorologists.
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Taiwan’s outlying Penghu, Orchid and Green islands announced school and office closures in anticipation of severe weather brought by the typhoon.
Parts of the southern Pingtung county also announced closures.
The typhoon was moving west toward Taiwan with maximum sustained winds of 155 kph (96 mph) and gusts of 191 kph (119 mph) on Wednesday morning, according to Taiwan’s Weather Bureau.
China’s National Meteorological Centre on Wednesday maintained a yellow alert — the third most severe level — for Typhoon Koinu.
Chinese forecasters expected strong winds in the coastal areas of Zhejiang and Fujian provinces, where ferry services were suspended and fishing boats called to port.