Could British Columbia taxpayers unwittingly subsidize Chinese naval threats to Taiwan while sinking the Canadian shipbuilding industry? BC Ferries announced June 10 that a Chinese shipyard will build four new vessels. It chose China Merchants Industry Weihai Shipyards (CMI Weihai), but did not disclose the value of the contract for the new diesel-battery hybrid ships, to be delivered between 2029 and 2031. Parent CMI is headquartered in Hong Kong and has seven shipbuilding and repair bases, specializing in ferries, cruise ships and chemical tankers. Its website called CMI “one of the three major state-owned marine equipment manufacturing groups in China." ... CLICK HERE for the full story
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