Seaspan Corporation general counsel and COO Mark Chu is to step down from his roles to pursue other opportunities. In a statement, the independent container ship owner-operator said Chu will remain with Seaspan until the end of August to ensure a smooth transition for his successor. The announcement comes as Seaspan’s parent company, Hong Kong-based Ocean Shipping Holdings, has been struggling in recent years amid declining demand for its ships due to competition from larger vessels that can carry more cargo
Seaspan Corporation general counsel and COO Mark Chu is to step down from his roles to pursue other opportunities. In a statement, the independent container ship owner-operator said Chu will remain with Seaspan until the end of August to ensure a smooth transition for his successor. Seaspan is the world's largest independent containership owner-operator with a fleet of 108 vessels and four newbuilds on order.