The future of China United Lines (CULines) is uncertain after its dreams of building a deepsea shipping portfolio have been shattered with the axing of its Asia-Mediterranean services.
Chairman and co-CEO Raymond Chen (below) has, reportedly, been detained in China for undisclosed reasons, casting a pall over the company, according to Linerlytica. He was last seen in public in April, at an industry round-table event in Tianjin.
State-controlled CULines, which started as …
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