25/06/2013at 10:34

Cosco’s Captain to retire

The controversial and criticized chairman of the Cosco Wei Jiafu is stepping down, writes SinoShip News.

BY LOUISE VOGDRUP-SCHMIDT

Cosco chairman Wei Jiafu, also known as Captain Wei, is by all accounts leaving his post as chairman of Cosco, which has been hit by major economic problems and write-offs in recent years.

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Analysts: Shipowners on thin ice due to rate increases
More fire sales ahead for Cosco
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Foto: China Stringer Network/Reuters/Ritzau Scanpix

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