Ningbo Ocean Shipping Co (NBOSCO) has announced that Zongquan Xu is stepping down as chairman and will no longer serve as a member of the company.
The director and manager at Zhejiang Seaport Shipping is leaving the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group after four years at the helm.
In addition, Xiaofeng Chen has applied to step down from the position of general manager, while Leijun Zhuang is resigning as the director and deputy general manager of the company.
NBOSCO said the resignations are taking place due to “work adjustments” and that the actions will not have any adverse impact on the company’s daily operations.
The company, ranked 24th on Alphaliner with 85 ships and 12 newbuilds on order, has appointed Chen as interim chair until a new permanent one has been elected.
The chairman’s exit follows shortly after one of NBOSCO’s newly built boxships was involved in a collision with a bulk carrier near Yangxiaomao Island off the coast of Ningbo, leaving one seafarer dead and three more hospitalised.
