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Thursday, December 3, 2020

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  • Far East Maritime (2) (X)

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Blues continue for troubled China Cosco

Posted to Far East Maritime (by Greg Knowler) on November 13, 2013

Don’t leave town, police told an executive director at China Cosco Holdings last week. Okay, they probably never said that, but it doesn’t change the fact that Xu Minjie is under investigation in what is widely believed to be part of Beijing’s crackdown on widespread corruption.

In Hong Kong, Maersk swapping blue for green

Posted to Far East Maritime (by Greg Knowler) on September 21, 2010

Hong Kong and Shenzhen together handle more than 10 percent of the total global container traffic. That is an incredible number of boxes arriving and departing on thousands of ships. Great for business if you are a terminal operator, but very bad for health if you live anywhere near the ports.