{"id":28343,"date":"2021-12-05T13:25:08","date_gmt":"2021-12-05T10:25:08","guid":{"rendered":"https:\/\/www.al-sindbad.net\/changing-of-the-guard-at-the-worlds-largest-shipping-company\/28343\/"},"modified":"2021-12-05T13:25:08","modified_gmt":"2021-12-05T10:25:08","slug":"changing-of-the-guard-at-the-worlds-largest-shipping-company","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/changing-of-the-guard-at-the-worlds-largest-shipping-company\/28343\/","title":{"rendered":"Changing of the guard at the world\u2019s largest shipping company"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>There\u2019s a changing of the guard at the world\u2019s largest shipping company. As he hits the mandated retirement age of 65 for leaders of Chinese state-run entities, Xu Lirong is stepping down as chairman and party secretary at Cosco Shipping after six years in charge.<\/p>\n<p>He will be replaced by Wan Min, who had served as Xu\u2019s deputy before transferring to lead China Travel Service four years ago. Wan\u2019s background in a more than 25-year career with Cosco has predominantly been on the vast conglomerate\u2019s liner business.<\/p>\n<p>During Xu\u2019s tenure, Cosco merged with China Shipping and then paid $6.3bn to take over Hong Kong\u2019s Orient Overseas Container Line (OOCL). The group\u2019s shipyards came through the downturn and are now established as among China\u2019s most reliable shipbuilders while on the ports side, Cosco has become the world\u2019s third largest terminal operator.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>Xu leaves Cosco at a time where it is on track to post its greatest financial results in its 60-year history.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a changing of the guard at the world\u2019s largest shipping company. As he hits the mandated retirement age of 65 for leaders of Chinese state-run entities, Xu Lirong is stepping down as chairman and party secretary at Cosco Shipping after six years in charge. He will be replaced by Wan Min, who had served &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28343"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28344"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}