The president of Cosco Corporation is stepping down at the end of the year.

Cosco Corp operated supramax

Jiang Li Jun was appointed Vice Chairman and President of the Singapore-listed company in 2008.

He will remain as Vice Chairman and a non-executive director.

Cosco said that it was in the final stages of appointing a successor.

Jiang Li Jun joined COSCO as an accountant upon his graduation in December 1974.

He has held various positions within the COSCO Group, including accounting manager of COSCO (Group) Company and Chief Executive Officer of COSCO Shipping Co.,