One of container shipping's most respected executives has joined growing calls for a relaxation of the industry's antitrust regulations to speed up the trimming of its vast over-capacity.
CC Tung, chief executive of Hong Kong's Orient Overseas International (OOIL), makes the call in an article written to mark the 60th anniversary of China's Communist revolution this week.
Mr Tung is widely respected for his stewardship of OOIL, which owns the OOCL container line, because of the company's record of profitability under his leadership. OOIL had been consistently profitable for 10 years until the latest crisis.
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