Snapshot: Cosco predicts H1 22 profits of $9.65bn – blimey
Box Shipping 2.0: the less you carry the more you earn
One of the most senior Cosco executives has been expelled from the Chinese Communist Party, following his arrest for years of alleged corruption. Investigators are continuing their research into the activities of Xu Minjie during his period in charge of Cosco Pacific, the Hong Kong-headquartered terminal operating and container leasing arm of the state-owned giant, which he became head of 2007. Auditors have found “a series of violations” in the accounts of Cosco Pacific container leasing subsidiary Florens Container Services during his tenure. Mr Xu’s subsequent elevation to deputy general manager at Cosco Group in July 2011 was said to be supported by then chief executive Wei Jiafu on the basis for Mr Xu promoting Capt Wei’s daughter to lead Florens’ US operation.
More blank sailings on the cards as ocean spot rates continue to tumble
Dock strike at Felixstowe 'inevitable', after last-ditch pay talks break down
China trade surplus under threat as peak season collapses and demand cools
Shipping lines' move to become integrators 'a compliment' to air freight
New talks at ACAS a last-ditch bid to prevent disruptive strike at Felixstowe port
Rant radar: Here's the 'go to hell' message to forwarders
Rhine closure imminent as low water hobbles freight movement by barge
Port congestion driving more shippers to China-Europe rail and road options
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China’s Waste and the Largest Wealth Transfer in History |
September 26, 2016 at 11:54 am[…] as easily be documented for many other companies in China. (REF story on the CEO’s assistant: https://theloadstar.com/ex-cosco-executive-expelled-party-corruption […]