ShippingWatch

A part of Watch Media

Cosco exec arrested on corruption charges

China Cosco Holding's CEO has been arrested on charges of corruption. He becomes the fourth senior executive of the group to be arrested on similar charges.

BY JØRGEN RUDBECK

According to several media reports, yet another Chinese shipping executive has been arrested on charges of corruption. This time, the man arrested is a senior executive of parent company China Cosco Holding named Xu Minje.

Media reports say that the executive was allegedly arrested on Tuesday, though it has not yet been possible to get in contact with Xu Minje, who failed to appear at the major annual Cosco conference, which took place in recent days in Chinese port city Ningbo.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Nina Østergaard Borris takes over as CEO of the USTC group from her father, Torben Østergaard-Nielsen. | Foto: PR / USTC

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

  1. Star Bulk expects solid dry bulk demand after new major leap in results
  2. Navigare enters offshore wind through significant investment
  3. The new Seadrill reports operating profit following long restructure
  4. Nina Østergaard Borris takes over as USTC's CEO
  5. Glencore pleads guilty to decade of bribery and manipulation
  6. DP World combines two European logistics firms
  7. DHL warns of "tidal wave" in supply chains after Shanghai reopening
  8. Three closed OW Bunker companies pay creditors major sum
  9. Hafnia, Svitzer and 25 other players to attract talents to shipping
  10. ECSA's new secretary general balances on a razor's edge
  11. BW Epic Kosan believes in LPG growth following large progress in results
  12. This is how much EU's CO2 quotas will cost for a container from Asia to Europe
  13. Nordic shipowners hope for CO2 levy as soon as possible – Bimco is skeptical
  14. Did the bunker market grow last year? Bunker Holding says no
  15. Euronav's merging partner Frontline advances in first quarter
  16. BW Group's stake in Hafnia shrinks
  17. Wintershall Dea divests shares in Norwegian oil fields
  18. Hafnia CEO: We may face our best quarter to date
  19. 1,000 DSV staff affected by Shanghai lockdown: "We have people who have been sitting in an apartment for 55 days"
  20. Seaspan orders four new LNG vessels

See all

Job

See all jobs

See all jobs