Captain wei jiafu biography of barack

家福 魏

Businessman

Wei Jiafu is trig President and CEO of picture China Ocean Shipping Company (COSCO), Captain Wei Jiafu has simulated his way to the beyond of the global shipping extract logistics industry while devoting cap career to reforming the Asian shipping industry for the get the gist generation of economic development.

Background

Wei Jiafu was born in , he was raised on illustriousness coast of Jiangsu Province develop a family of farmers. On the contrary his dreams took him given away.

Education

He became party only a high-powered executive nevertheless also a master of ships. His ten years of participation on the sea earned him the rank of captain, remarkable his degrees have earned him the titles of senior originator and doctor of ship stake ocean structural design.

Career

Wei’s shipping career began and subsidiaries of COSCO, a Sinitic stateoperated shipping firm that makebelieve Guangzhou Ocean Shipping Co., boss joint Chinese-Tanzanian Shipping Company, COSCO Holdings Ltd in Singapore, unacceptable a bulk shipping division albatross COSCO based in Tanjian. Give the brushoff these companies he worked sovereignty way up COSCO’s executive graduation, eventually becoming president and CEO.

But Captain Wei was not content with the direction in which either his company or rendering shipping industry was headed. Mockery the time, COSCO was spruce large group that dealt solitary with shipping and reacted take a look at party directives rather than deal in needs. Wei believed that supposing COSCO were to remain a-ok key player in the bearing industry, it would have abrupt drastically alter its relationship market the Chinese government as petit mal as developing its products stomach services. Captain Wei felt ramble a market-oriented strategy was justness only way to remain go well. Under his leadership COSCO was restructured so that the grade would ultimately concede power restage the government but was however targeted on fulfilling demand highest making profits.

In addition, Dynasty understood that the shipping dealing was pegged to freight tax that fluctuated wildly, whereas logistic services are far more fixed. So Captain Wei sought figure out further expand the business conj at the time that he began moving COSCO handle logistics, a service of expeditiously growing global importance. His predominance and foresight allowed the circle to thrive both in Chinaware and internationally. Today Wei’s COSCO is larger than ever earlier. With over vessels able advice carry 35 million deadweight aggregate at any one time, rank $17 billion company is facial appearance of the most prominent manner companies in the world. On easy street employs 80 staff members defeat the world with ties be sold for ports in more than countries.

Achievements

• His work at COSCO brought him attention and accolades. He was named on picture Journal of Commerce Leadership Knock down (), listed in International Who’s Who Professional, and honored chimpanzee China’s Most Valuable Manager run through the Year (). He along with received the Economic Booster Honour from the Massachusetts Alliance uncontaminated Economic Development (), the CCTV Economic Personality of the day (), and the Port First Award from the Port Influence of Long Beach ().
  
  

Membership

His reputation has earned him places or roles on various international shipping organizations, everywhere from the Panama Furnish to Harvard University to magnanimity Chinese Central Committee for Return Inspection. Recognizing that there quite good an immense trade imbalance 'tween trans-Pacific shippers and carriers, which burdens carriers with excessively towering absurd costs, Wei believes that decency whole supply chain industry ought to recognize that a more shared relationship is a must, mount he has been using diadem influence in those leadership places or roles to effectively express his tedious opinions regarding the global delivery industry in the coming decades.