Zhongchang Marine president resigns

Zhongchang Marine president resigns

Zhongchang Marine has announced that Chen Shengjie, president of the company has resigned for personal reasons, just one year after he joined the company.

Chen joined the company in September 2014 from Hong Kong-based investment firm Reorient Group.

Zhongchang Marine is currently working on a major restructuring deal. It has suspended stock trading since August 18.

The company reported a net loss of RMB35.9m ($5.6m) for the first half of 2015. It said earlier that it might face the risk of delisting if it suffers losses again this year, following the consecutive losses in the past two years.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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