OOIL, the parent company of Hong Kong containerline OOCL, has appointed vice president of Cosco Shipping Holdings, Wang Haimin, as its new CEO.
Wang will replace Huang Xiaowen, who had resigned from a series of roles at OOIL due to another work arrangement.
Additionally, Yang Zhijian, managing director of Cosco Shipping Lines, and Feng Boming, chairman of Cosco Shipping Ports, have been appointed as executive directors of OOIL.
Andy Tung remains as an executive director of OOIL and co-CEO of OOCL.
The management changes at OOIL are part of a major top management reshuffle within Cosco Shipping Group. Cosco Shipping Lines, Cosco Shipping Bulk and Cosco Shipping Ports have all appointed new leaders recently.
Cosco completed the takeover of OOIL in July 2018. VesselsValue data shows OOCL currently owns 51 containerships with a total capacity of around 425,000 teu.