Hong Kong and Shanghai-listed China COSCO Holdings Company has appointed new financial chief Tang Runjiang to replace Feng Jinhua amid an anti-graft probe into the loss-making conglomerate.
COSCO has announced Ma Honghan will be the firm's new CFO for the shipbuilder's Singapore subsidiary. The appointment comes at a difficult period for the company, as revenues and profits are falling.
Carrie Lee, former engineer, banker and now group treasurer of Orient Overseas Container Line (OOCL), talks to CT about turning to Asian banks for financing, shoring up cash reserve to brave the shipping market, and how to defray fuel volatility.
Jul 2, 2012
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