Xu Lirong to Head China Cosco Shipping Group

The acting chairman of China Shipping Group (CSG) has been appointed the new chairman of China Cosco Shipping Group, an entity to be created following the merger of China Ocean Shipping (Cosco Group) and China Shipping Co.

The merger was cleared by China’s State Council earlier in December.

Under the deal, the two companies will merge their container shipping businesses, in addition to ship leasing, tanker shipping, bulk shipping, financial businesses and other sectors.

The deal forms part of China’s push to revamp its oversupplied shipping industry by encouraging consolidation.

The merger is still subject to shareholders’ approval.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >