Hong Kong: Grand China Logistics’s plans to run Titan Quanzhou Shipyard in Guangdong have come to an end. GCL had been after the 95% stake in the yard controlled by financially troubled Titan Petrochemicals, however it has now decided to relinquish its bid for the yard to Guangdong Zhenrong Energy, the frontrunner to take over Titan Petrochemicals. [11/06/13]
