Shanghai Zhenhua Denies Posing Cybersecurity Risk To US Ports

Shanghai Zhenhua Heavy Industries (ZPMC) 600320.SS said on Sunday its cranes do not pose a cybersecurity threat, after U.S. congressional committees questioned the Chinese state-owned company’s work on cranes bound for the United States.

The House of Representatives security panels, scrutinizing ZPMC’s installation of Swiss engineering group ABB’s ABBN.S equipment onto U.S.-bound ship-to-shore cranes, in January invited ABB executives to public hearings to clarify its relationship with ZPMC, which they said raised “significant concerns.”

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