China's shipping king retires
The Chairman of China's largest shipping group Cosco, Wei Jiafu, has retired following pressure from shareholders, according to a statement on the group's website.
BY KATRINE GRØNVALD RAUN
China's largest shipping group, Cosco, has made changes to its senior management, and the Chairman is no longer named Wei Jiafu - or Captain Wei, as he's also known as. The now former Chairman has retired after 15 years on the job, according to a statement on the group's website.
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