Following the events of the deadly Tianjin blast, China has announced further safety measures for companies handling volatile goods in an effort to fix current safety procedures, and aims to punish those who do not comply with those measures, according to Journal of Commerce.
In a previous article by PTI on the Tianjin blast, it was reported that the total cost of the damage would reach just over US$1billion.
This was followed by news that, six months after the blast, insurers could be paying out as much as $3 billion for the damages incurred in the explosion.
Zheng Qingyue, a Senior Port Executive at Tianjin Port was recently sacked from Tianjin Port for violating safety procedures, which could highlight China’s sincerity in being strict with those that compromise safety, despite previous claims to the counter of negligence.
159 people died in the Tianjin Blast which served as a wake-up call for the immense dangers of dealing with hazardous chemicals in ports.