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You are here: Home Archive 2009 Feb 26 Cosco boss hails stimulus

Cosco boss hails stimulus

by Obsidian last modified Feb 26, 2009 12:00 AM

Stimulus plans launched by the Chinese, US and European governments over the past few months are beginning to buoy demand and lift the troubled dry bulk market, the head of China's largest shipping company said.

But Wei Jiafu, China Ocean Shipping (Group) president and chief executive, said the fallout from the economic tsunami would continue to affect other sectors, including the liner industry, car carriers and shipbuilding.

He directly attributed the recovery in the...

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