Captain wei jiafu biography samples video

Wei Jiafu was born in , he was raised on the coast of Jiangsu Province in a family of farmers. But his dreams took him elsewhere.

He's the Chairman of China International

He became not only a high-powered executive but also a master of ships. His ten years of experience on the sea earned him the rank of captain, and his degrees have earned him the titles of senior engineer and doctor of ship and ocean structural design. But Captain Wei was not satisfied with the direction in which either his company or the shipping industry was headed.

At the time, COSCO was a large group that dealt only with shipping and reacted to party directives rather than market needs. Wei believed that if COSCO were to remain a key player in the shipping industry, it would have to drastically alter its relationship with the Chinese government as well as developing its products and services.

Captain Wei felt that a market-oriented strategy was the only way to remain successful. Under his leadership COSCO was restructured so that the group would ultimately concede power to the government but was nonetheless targeted on fulfilling demand and making profits. In addition, Wei understood that the shipping business was pegged to freight rates that fluctuated wildly, whereas logistical services are far more stable.

So Captain Wei sought to further expand the business when he began moving COSCO toward logistics, a service of rapidly growing global importance. His leadership and foresight allowed the company to thrive both in China and internationally. It employs 80 staff members around the world with ties in ports in more than countries. His reputation has earned him positions on various international shipping organizations, everywhere from the Panama Canal to Harvard University to the Chinese Central Committee for Discipline Inspection.

Recognizing that there is an immense trade imbalance between trans-Pacific shippers and carriers, which burdens carriers with excessively high costs, Wei believes that the whole supply chain industry should recognize that a more collaborative relationship is a must, and he has been using his influence in those leadership positions to effectively express his strong opinions regarding the global shipping industry in the coming decades.

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