TAIWAN's Yang Ming Marine Transport Corporation board has approved the appointment of Patrick Tu as president and chief operations officer (COO) of the company.
Mr Tu joined Yang Ming in 1992 and his last position was chief strategy officer and executive vice president of the Taiwanese company.
He has extensive experience in the departments of commercial and strategy development, with broad expertise of business development and liner planning. Previously, Mr Tu has served as managing director of Yang Ming Line (Hong Kong) Ltd and was stationed in Shanghai and Ningbo, China for some years, which has helped him build up the ability of exploring market opportunities on the frontline.
Mr Tu's appointment was approved during the company 352nd board meeting, according to UK's Container News.
"While the upward trend appears to continue in the global shipping industry for the second half of 2020, it is expected that with the complementary strengths of finance and shipping from chairman Cheng and president Tu, Yang Ming will be able to build a stronger workforce and achieve higher business growth in the future," commented the company in its announcement.