ContainersGreater China
Andy Tung steps down as co-CEO at OOCL
Andy Tung announced on Friday he is stepping down as co-chief executive at OOCL at the end of this month, handing over the reins at the Hong Kong-based liner to his Cosco Shipping colleague Yang Zhijian.
The Tung family sold the liner business to state-owned Cosco last year for $6.3bn. Since then, the Tungs have been active developing their bulk fleet at privately held Island Navigation.
Tung will remain on the board at OOCL. Cosco executives stressed when taking over the line last year that they intended to maintain the OOCL brand.
Another page turned in the world of containerization … the early days of EARLS Spreaders were very much involved with the Vancouver BC operations of the OOIL/OOCL Empire Stevedoring company, which rebranded as TSI Terminal Systems Inc around the time that Deltaport was being developed in the 1990’s before becoming todays, GCT Global Container Terminals … interestingly, GCT-DP will be approaching 30-million TEU’s handled since opening for business in 1996/97 to the coming 2020 New Year … 100% handled by EARLS Spreaders …