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Cosco Shipping names long-awaited new president

PortandTerminal.com, September 10, 2019

Fu Gangfeng, president of China Merchants Group since February 2018, takes up the new role as second-in-command at Cosco Shipping

China Cosco Shipping Group has announced the appointment of Fu Gangfeng as its new president, the second-in-command role at the group.

Previously, Fu was the president of China Merchants Group since February 2018.

The president role of Cosco had been vacant for over 20 months after former president Wan Min was transferred to China National Travel Service Group as president in December 2017.

China Merchants Group is currently looking for a replacement for the position left by Fu while Li Jianhong, chairman of China Merchants Group, is also expected to retire soon.


COSCO, registered in China (Shanghai) Free-trade Experimental Area with a registered capital of 15.96 billion Yuan, is primarily involved as the key business sector of the group in national and global maritime container transport services and associated company.

COSCO extended the scale of the company after inclusion, consolidating the place in the sector.

The service network has also been further enhanced in the meantime. The firm has a total of 376 container vessels by the end of 2018, with a complete capability of 2.1 million TEUs, ranking 4th in the globe and 1st in Asia.

COSCO runs 362 global and national shipping paths, composed of 228 global services, 47 national services, 87 Yangtze River and Pearl River shipping facilities, covering 329 ports in 100 nations and areas globally.

COSCO has recently signed a new shipping logistics partnership with CN as its rail provider for discharge at the Canadian ports of Vancouver, Prince Rupert, Montreal, and Halifax.

CN is a North American transportation and logistics company responsible for transporting over USD $190 billion worth of goods.

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