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CSC Phoenix suffers more group resignations

Chinese bulk shipping operator CSC Phoenix has suffered yet another round of group resignations with all eight employees from its heavy cargo transportation department quitting.

This follows 42 out of 49 employees from the company’s main shipping operation team resigning in June and moving back to Sinotrans & CSC, the former owner of the company.

CSC Phoenix said the sustainability of its heavy cargo transportation business is now in doubt following the resignations.

CSC Phoenix had a fall-out with Sinotrans & CSC as the latter claimed Tianjin Shunhang Shipping, the current owner of CSC Phoenix has failed to fulfill an agreement between the two companies, under which Shunhang Shipping promised to transfer all the shipping assets of CSC Phoenix back to Sinotrans & CSC for free after the company completed a restructuring.

Sinotrans & CSC also refused to extend the charter of 13 bulkers with CSC Phoenix earlier this year and requested CSC Phoenix to remove the “CSC” trademark from its name.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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