Tianjin Port Holdings

China has fired the president of Tianjin Port Group and plans to prosecute him for dereliction of duty, state media said today, almost three months after huge chemical blasts at the northern port managed by the firm killed more than 160 people.

With a swathe of one of the world's busiest ports in ruins, more than a billion dollars in losses, and some major multinational firms still unable to access their premises, the economic impact of the Tianjin explosions could reverberate for months.

China has fired the president of Tianjin Port Group and plans to prosecute him for dereliction of duty, state media said today, almost three months after huge chemical blasts at the northern port managed by the firm killed more than 160 people.

With a swathe of one of the world's busiest ports in ruins, more than a billion dollars in losses, and some major multinational firms still unable to access their premises, the economic impact of the Tianjin explosions could reverberate for months.