Head of Shenhua moves to SASAC

Beijing: Shenhua Group, a major state run group in China with businesses in mining, electric power, port and shipping, announced that the group’s president Zhang Xiwu has been designated as the deputy director of State-owned Assets Supervision and Administration Commission (SASAC).

Shenhua Group is one of the largest coal companies in the world, and is an active player investing in port terminals and shipping. It currently runs 11 bulk carriers with total capacity of 51,5000 dwt and has another 37 vessels on order. [07/03/14]

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