Chinese bulker boss sentenced

Chinese bulker boss sentenced

A court in the UK has sentenced in absence Zhu Guohua to 18 months in jail over a bungled dry bulk shipping deal done with Swiss trader Bunge.

Zhu controls Chinese dry bulk line Huaya Maritime which has had a serious charter contract dispute with Bunge. The two companies went into an arbitration in London last year, which ended in Bunge’s favour, however Zhu’s firm has ignored the ruling and the penalties imposed despite numerous warnings.

Huaya Maritime is registered in Marshall Islands and headquartered in Qingdao, China. It owns three bulk carriers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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