Sun Bo, former general manager of China Shipbuilding Industry Corp (CSIC),has been sentenced to 12 years in prison and fined for RMB800,000 for bribery and abuse his authorities.
The Maritime Anti-Corruption Network (MACN) is develop a global index for the level of corruption in ports through a partnership with the Ministry of Foreign Affairs of Denmark (MOFA).
Wang Junmin, former chairman and general manager of Chinese shipbuilding company Sainty Marine, and Cao Chunhua, former deputy general manager of the company, were sentenced to prison.
Britannia has become the first P&I Club to join the Maritime Anti-Corruption Network (MACN).
The Maritime Anti-Corruption Network (MACN) has seen more than a 90% reduction in corruption incidents in Argentina since collective action in the South American country.
“What are our competitors and governments doing? We can’t change the world alone!”
As a compliance officer in the shipping sector, this is common feedback from colleagues when conducting compliance training.
Membership of the Maritime Anti-Corruption Network (MACN) has topped the 100 mark with the recent addition of tanker titan Frontline and container line ZIM.
The shock victory by the Malaysian opposition Pakatan Harapan in the country’s General Election on Wednesday have put a question mark over Belt and Road Initiative projects with China in the Southeast Asian nation.
JES International has failed in a bid to sell its shipyard business, while its former ceo has been jailed for 12 and half years.