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.

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Cosco exec arrested on corruption charges

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Chinese container carrier shuts down all routes

Cosco secures offshore contracts for USD 366 million

China Cosco's divestments so far

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs