Handling Our Cargo: How the People’s Republic of China Invests Strategically in the U.S. Maritime Industry

Excerpt:  “The report reveals how Shanghai Zhenhua Heavy Industries (ZPMC)––a company owned and operated in the People’s Republic of China (PRC)––dominates the global market share of ship-to-shore (STS) port cranes, and how the PRC’s broader maritime infrastructure dominance creates significant cybersecurity and national security vulnerabilities for both the United States and our allies. ZPMC currently accounts for nearly 80 percent of the STS cranes in operation at U.S. ports. The report also outlines strategies for how the United States can lead the way in addressing the risks posed by the CCP’s maritime activities and promote a more secure global maritime infrastructure. … ‘The evidence gathered during our joint investigation indicates that ZPMC could, if desired, serve as a Trojan horse capable of helping the CCP and the PRC military exploit and manipulate U.S. maritime equipment and technology at their request. This vulnerability in our critical infrastructure has the potential to affect Americans from coast to coast:’ (House Committee on Homeland Security Chairman Mark E. Green, MD (R-TN), Subcommittee on Transportation and Maritime Security Chairman Carlos Gimenez (R-FL), and Select Committee on the Chinese Communist Party Chairman John Moolenaar (R-MI)).”