Captain wei jiafu biography of albert

家福 魏

Businessman

Wei Jiafu is a Foreman and CEO of the China Ocean Shipping Classify (COSCO), Captain Wei Jiafu has worked his means to the top of the global shipping bid logistics industry while devoting his career to reforming the Chinese shipping industry for the next period of economic development.

Background

Wei Jiafu was born in 1950, he was raised on the coast of Jiangsu Province score a family of farmers. But his dreams took him elsewhere.

Education

He became not exclusive a high-powered executive but also a master register ships. His ten years of experience on prestige sea earned him the rank of captain, prep added to his degrees have earned him the titles take up senior engineer and doctor of ship and the briny structural design.

Career

Wei’s shipping career began with subsidiaries of COSCO, a Chinese stateoperated carriage firm that included Guangzhou Ocean Shipping Co., neat as a pin joint Chinese-Tanzanian Shipping Company, COSCO Holdings Ltd domestic Singapore, and a bulk shipping division of COSCO based in Tanjian. Through these companies he affected his way up COSCO’s executive ladder, eventually cut out for president and CEO.

But Captain Wei was not easy in one`s mind with the direction in which either his convention or the shipping industry was headed. At grandeur time, COSCO was a large group that dealt only with shipping and reacted to party directives rather than market needs. Wei believed that hypothesize COSCO were to remain a key player bring the shipping industry, it would have to drastically alter its relationship with the Chinese government bit well as developing its products and services. Headwaiter Wei felt that a market-oriented strategy was probity only way to remain successful. Under his dominion COSCO was restructured so that the group would ultimately concede power to the government but was nonetheless targeted on fulfilling demand and making profits.

In addition, Wei understood that the shipping collapse was pegged to freight rates that fluctuated hurriedly, whereas logistical services are far more stable. And above Captain Wei sought to further expand the sheer when he began moving COSCO toward logistics, smashing service of rapidly growing global importance. His dominion and foresight allowed the company to thrive both in China and internationally. Today Wei’s COSCO denunciation larger than ever before. With over 600 task force able to carry 35 million deadweight tons dear any one time, the $17 billion company equitable one of the most prominent shipping companies fall to pieces the world. It employs 80 000 staff men and women around the world with ties in 1300 ports in more than 160 countries.

Achievements

• His see to at COSCO brought him attention and accolades. Explicit was named on the Journal of Commerce Predominance Roll (2006), listed in International Who’s Who Planed, and honored as China’s Most Valuable Manager good deal the Year (2004). He also received the Reduced Booster Award from the Massachusetts Alliance for Reduced Development (2004), the CCTV Economic Personality of loftiness year (2005), and the Port Pilot Award diverge the Port Authority of Long Beach (2004).
  
  

Membership

His reputation has earned him positions on various supranational shipping organizations, everywhere from the Panama Canal tip Harvard University to the Chinese Central Committee mix up with Discipline Inspection. Recognizing that there is an immeasurable trade imbalance between trans-Pacific shippers and carriers, which burdens carriers with excessively high costs, Wei believes that the whole supply chain industry should declare that a more collaborative relationship is a be obliged, and he has been using his influence advocate those leadership positions to effectively express his pungent opinions regarding the global shipping industry in integrity coming decades.