Yangzijiang Shipbuilding’s executive chairman Ren Yuanlin has taken a leave of absence to assist Chinese authorities in a “confidential investigation”, the company stated.
China’s logistics service provider Antong Holding has announced that its two founders and controlling shareholders are facing serious financial issues with debts of RMB8bn ($1.2bn).
Chinese port machinery manufacturer Shanghai Zhenhua Heavy Industries Co (ZPMC) has come under the radar of China’s environmental protection supervision group over its role in environmental pollution.
Shandong Provincial Port Group, a platform to consolidate local provincial port resources in China’s Shandong province, has been officially established in Qingdao, the capital city of Shandong province.
Japan's Mitsui E&S Shipbuilding says Jiangsu Yangzi-Mitsui Shipbuilding, its the shipbuilding jv with China’s Yangzijiang Shipbuilding, commenced business operations in Taicang, Jiangsu province.
Classification society, Bureau Veritias (BV) has been approved by the China Maritime Safety Administration to operate in international ship registration inspection and classification services in Chinese free trade zones.