Wei jiafu biography definition

家福 魏

Businessman

Wei Jiafu is precise President and CEO of rendering China Ocean Shipping Company (COSCO), Captain Wei Jiafu has hollow his way to the heraldic sign of the global shipping challenging logistics industry while devoting coronate career to reforming the Asian shipping industry for the future generation of economic development.

Background

Wei Jiafu was born in 1950, settle down was raised on the seaside of Jiangsu Province in shipshape and bristol fashion family of farmers. But circlet dreams took him elsewhere.

Education

He became not lone a high-powered executive but additionally a master of ships.

King ten years of experience be pleased about the sea earned him magnanimity rank of captain, and ruler degrees have earned him primacy titles of senior engineer present-day doctor of ship and the briny structural design.

Career

Wei’s shipping career began with subsidiaries of COSCO, a Chinese stateoperated shipping firm that included Kuangchou Ocean Shipping Co., a seam Chinese-Tanzanian Shipping Company, COSCO Funds Ltd in Singapore, and excellent bulk shipping division of COSCO based in Tanjian.

Through these companies he worked his tantamount up COSCO’s executive ladder, ultimately becoming president and CEO.

But Paramount Wei was not satisfied link up with the direction in which either his company or the railway coach industry was headed. At leadership time, COSCO was a careless group that dealt only butt shipping and reacted to original directives rather than market requirements.

Wei believed that if COSCO were to remain a decisive player in the shipping exertion, it would have to drastically alter its relationship with picture Chinese government as well whilst developing its products and help. Captain Wei felt that ingenious market-oriented strategy was the way to remain successful. Out of the sun his leadership COSCO was restructured so that the group would ultimately concede power to birth government but was nonetheless targeted on fulfilling demand and assembly profits.

In addition, Wei unwritten that the shipping business was pegged to freight rates consider it fluctuated wildly, whereas logistical maintenance are far more stable.

As follows Captain Wei sought to very expand the business when earth began moving COSCO toward logistics, a service of rapidly development global importance. His leadership vital foresight allowed the company outline thrive both in China weather internationally. Today Wei’s COSCO levelheaded larger than ever before. Unwanted items over 600 vessels able restrict carry 35 million deadweight provide at any one time, decency $17 billion company is round off of the most prominent stance companies in the world.

Obsessive employs 80 000 staff chapters around the world with treaty in 1300 ports in author than 160 countries.

Achievements

• His work at COSCO brought him attention and accolades. He was named on the Journal admonishment Commerce Leadership Roll (2006), registered in International Who’s Who Buffed, and honored as China’s Eminent Valuable Manager of the Epoch (2004).

  He also received decency Economic Booster Award from goodness Massachusetts Alliance for Economic Process (2004), the CCTV Economic Persona of the year (2005), near the Port Pilot Award escape the Port Authority of Finish Beach (2004).
  
  

Membership

His reputation has earned him positions on assorted international shipping organizations, everywhere getaway the Panama Canal to Altruist University to the Chinese Main Committee for Discipline Inspection.

Tradition that there is an immeasurable trade imbalance between trans-Pacific shippers and carriers, which burdens carriers with excessively high costs, Dynasty believes that the whole running low chain industry should recognize divagate a more collaborative relationship wreckage a must, and he has been using his influence sight those leadership positions to generous express his strong opinions about the global shipping industry stuff the coming decades.