Expeditors dismisses legal threat, but plaintiff strikes back
A long-standing CEO hastily retiring, as disclosed on 19 February and other key executives expected ...
© Khunaspix Dreamstime.
The latest twist in the sad and sorry tale of Vietnam’s national shipping company and shipbuilder, Vinashin, this week saw the arrest of a former sales manager who had, on the paltry earnings of a shipping line rep, managed to accrue 40 properties and five luxury cars. Prosecutors allege that he and Vinashin’s chief executive colluded to fix vessel prices artificially high. In one case a secondhand Italian vessel was acquired for $67.6m and retired after just 39 voyages. Vinashin’s ...
Comment on this article