Cosco's Wei under pressure

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A short article about Captain Wei Jiafu, the man whose vision, drive and ambition took Chinese shipping line Cosco into the premier league of global shipowners. The recession has not been kind to Cosco – overcapacity, weak demand and marginal freight rates have led to heavy losses in its container shipping division; while things are twice as bad for its dry bulk business. With the prospect of a possible de-listing from the Shanghai bourse mounting, shareholders are beginning to call ...