China Charges State-owned Shipyard Ex-head with Taking Bribes
The former chairman of Chinese state-run shipyard Hudong-Zhonghua Shipbuilding has been charged with taking bribes, prosecutors said on Friday, the latest official to be swept up in President Xi Jinping's anti-corruption crackdown. The Supreme People's Procuratorate said in a notice on its website that Gu Tiquan, former board chairman of the Shanghai-based shipyard, would be prosecuted. It did not give details. Hudong-Zhonghua is a subsidiary of China State Shipbuilding Corp, one of the largest shipbuilding conglomerates in the country. The yard has been leading China's push into high-tech shipbuilding, and currently has contracts to build 14 liquefied natural gas tankers.
Shanghai Yard Delivers 10th Bulk Carrier to Cuba
Shanghai Shipyard Chairman Gu Tiquan presided at the launch of the Josefa, the last of the 35,000-ton carriers, accompanied by the Cuban ambassador in Beijing, Alberto Blanco, reports The Cuba Standard. Neither of the two sides has revealed the financial terms of the order by Cuba’s Empresa Importadora General del Transporte (EIGT), on behalf of Grupo Acemex, with Chinese state company China National Machinery Import & Export Corporation (CMC). The purchases are financed by China’s Eximbank. According to observers, the order for 10 35,000-ton handymax vessels is worth at least $250 million.
China Shipyard Starts on 10,000 TEU Container Ship
China Shipping Industry (Jiangsu) has begun construction of the largest container ship yet to be built in China. The 10,000TEU container ship is being built for China Shipping Container Lines Co., Ltd. (CSCL) which the shipbuilders describe as the realiization of their dream by the construction of the centennial [sic] vessel for CSCL and of creating a world first-class enterprise. The ceremony was presided over by Mr. Wang Yiling, the Executive Director of CICJS. General Manager of China Shipping Industry Co., Ltd. (CIC) Ye Xiaojian made an address of welcome.
