Former Hudong-Zhonghua Head Charged with Bribe

first_imgzoom The former board chairman of China’s state-owned Hudong-Zhonghua Shipyard, Gu Tiquan, has been charged for taking bribe by the state’s Supreme People’s Procuratorate.Gu Tiquan was arrested in May  under suspicion of having committed “serious violations”.The charges form part of a comprehensive corruption investigation that has resulted in prosecution of several officials, formerly employed in the shipyard.Hudong-Zhonghua, owned by shipbuilding conglomerate China State Shipbuilding Corp, is pioneering construction of LNG carriers in China and has  booked construction of 14 LNG tankers, as reported by Reuters.China has launched an anti-corruption campaign early this year which has combed through various industries including now shipbuilding.The country is set on bringing order to its fallen shipbuilding industry, which has been facing some turbulent times over the recent period, over-capacity being one of them.China’s Ministry of Industry and Information Technology released on September 1, its first “White List” of 51 shipyards eligible for favourable policy support, in an effort to battle over-capacity in the global shipping market.Many shipbuilding businesses that haven’t made it to the list have been deemed as potential candidates for restructuring. World Maritime News Staff, September 29, 2014last_img read more

Liberia UN reports relative quiet difficult humanitarian conditions in capital

The UN Office for the Coordination of Humanitarian Affairs (OCHA) reported that Monrovia is relatively “quiet” today. An inter-agency assessment mission has visited areas in the city where displaced persons have congregated in large numbers. Team members visited five sites, including the sports complex where an estimated 30,000 people are living under extremely difficult conditions. In all locations, OCHA said that the priority needs are water and sanitation, food, shelter, medical services and protection.Efforts also are being made to assist some 300 Ivoirian and Sierra Leonean refugees who have congregated at the Monrovia headquarters of the UN refugee agency.On the political front, the peace talks bringing together the Government and Liberian parties were expected to formally get underway today in Akosambo, Ghana. Secretary-General Kofi Annan is represented by Abou Moussa. read more