Cosco Shipping Development Appoints New Chairman

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Cosco Shipping Development, the financing arm of Chinese state giant Cosco Shipping, has appointed Liu Chong as its new chairman, replacing Wang Daxiong, who has retired, reports Splash247.

New chairman

Chong was previously the general manager and executive director of Cosco Shipping Development and also serves as vice-chairman of China International Marine Containers (CIMC), the world’s largest container manufacturer.

His role as general manager has been filled by Zhang Mingwen, former chief accountant of Cosco Shipping Holdings and CFO of Orient Overseas.

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Source: Splash247