Taiwanese bulk shipping major Shih Wei Navigation has announced that the company’s president Chang Ying-Lung and general manager Chou Ying-lang have both resigned from their positions.
Chang will remain as the legal representative of Shih Wei Navigation’s subsidiary Unicorn Marine Agency, while Chou will retire.
Chang took over the president position of Shih Wei Navigation in 2017 after the company’s founder and former president J.D Lan decided to take a break due to health issues.
Shih Wei Navigation will elect a new president at a board meeting later this month, and market sources expect Lan will take the helm at the company again.
J.D Lan founded Shih Wei Navigation in 1985 and he is the brother of James Lan, the founder and chairman of Wisdom Marine.
VesselsValue data shows that Shih Wei Navigation currently owns a fleet of 53 bulkers.