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.
According to SinoShip News, the Chinese central committee, which appoints the management of the state-owned company, has been prepping a new candidate Ma Zehua as the successor to Wei, who has worked for Cosco for more than 40 years.
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