Captain Cargo

Meredith, Robyn
December 2007
Forbes Asia;12/10/2007, Vol. 3 Issue 21, p34
The article discusses the factors behind the continued success of China Ocean Shipping Group Co. (Cosco Group), a liner shipping company owned by the Chinese government. Just a decade ago Cosco Group was struggling to navigate the low tide of trade after the Asian financial crisis. That is when Captain Wei Jiafu was named to head the company. In recent years globalization has massively increased world trade. However, Cosco did not make truly big profits until 2005, according to Wei. INSET: CASHING IN ON COSCO.


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