Greater ChinaShipyards

Anti-corruption authority investigates Cosco and CSIC

Shanghai: The central government’s anti-corruption sweep on state-run companies continues. Following investigations into China State Shipbuilding Corporation (CSSC), China Shipping Group and energy giant PetroChina, the investigation team has now started to probe into China Shipbuilding Industry Corporation (CSIC) and Cosco Group, and will continue over the next two months.

Tong Yancheng, the leader of the investigation team, said the fight against corruption has a long way to go and the central government has committed to strike hard on any corruption activities.

Li Changyin, president of CSIC and Ma Zehua, president of Cosco Group, have all pledged to coordinate with investigation team and provide full assistance.

Two weeks ago, the investigation team found a number of corrupt activities in CSSC and China Shipping Group.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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