China Cosco Holdings CEO steps down

The CEO of one of the flagship units in the Cosco group, China Cosco Holdings, has stepped down as chief executive and chairman, informs the company, which looks set for an impending merger with another major Chinese player.

BY KATRINE GRØNVALD RAUN

Jiang Lijun has stepped down as CEO and chairman of China Cosco Holdings, effective yesterday, Tuesday, informs the major Chinese shipping group which is allegedly close to merging its container activities with another Chinese state-owned carrier, China Shipping Container Lines (CSCL).

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China Cosco Holdings CEO steps down

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Container acquisition will lead to alliance reshuffle

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Front page now

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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

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

Analysis: Capesizes have become too expensive despite strong market

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