Sayings of Captain Wei

At his press conference at CMA last week, Captain Wei, the President of COSCO, reminded us that while cash may be king, generally, in shipping, cargo is king. He is an unabashed spokesman for China and for globalization. The latter is essential to keep world trade growing, with his greatest fear being the reversion to protectionism. The world benefits when manufacturing is located at the nexus of the lowest cost of production. Based upon his discussion it is clear that the Chinese Government is carefully managing its economy and that COSCO, as you would expect, plays a key role. He told the story of being at a meeting with the Chinese Premier Wen Jiabao, who asked him about the omnipresent BDI and how COSCO was faring.

Captain Wei remains

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