China Investigating Former Ningbo Port Chairman

April 13, 2015

China is investigating the former chairman of Ningbo Port Group, manager of one of the world's busiest ports, the country's top graft-busting body said, naming the latest target of an anti-corruption drive ordered by President Xi Jinping.

 
Xu Huajiang, who resigned from the firm last month, is being investigated on "suspicion of serious violations of the law", according to a brief statement by China's Central Commission for Discipline Inspection (CCDI) on its website on Monday.
 
In China, "serious violations of the law" usually connotes graft. The CCDI did not provide additional details.
 
Ningbo Port is the world's sixth busiest based on 2013 container throughput volume, according to the World Shipping Council.
 
China's campaign against corruption has taken down a slew of high-ranking "tigers" to lowly officials, including former domestic security tsar Zhou Yongkang.
 
 
(Reporting by Brenda Goh; Editing by Simon Cameron-Moore)

Logistics News

Wave Power System Installed at the Port of Los Angeles

Wave Power System Installed at the Port of Los Angeles

IAPORTS to Hold Global Virtual Investment Round

IAPORTS to Hold Global Virtual Investment Round

Egg Exports from Brazil Spike

Egg Exports from Brazil Spike

Allcargo Terminals Reports Q1 Earnings

Allcargo Terminals Reports Q1 Earnings

Subscribe for Maritime Logistics Professional E‑News

YPF, a subsidiary of Argentina's YPF, invests $400 million in a sustainable jet fuel venture
CANADA-CRUDE-Discount on Western Canada Select widens
HSBC adds space to Canary Wharf as a result of the HQ squeeze