‘TANGIBLE THREAT’: Satellite imagery showed Evergreen hulls under construction near China’s newest aircraft carrier and docked next to Chinese cruisers, a report said/ Reuters, WASHINGTON
WASHINGTON Contracts between China’s top state-owned shipbuilding firm and Taiwan’s leading shipping company are likely lowering the costs of upgrading…
Asian shipping companies are offering mega bonuses to employees amid a boom in freight rates, with China’s state-owned giant Cosco Shipping Holdings Co (中遠海運控股) doling out as much as 60 percent of a manager’s annual salary, the Caixin Global news service reported.
Cosco is among shipping companies distributing huge year-end bonuses to workers, Caixin said, citing employees at the company.
Other shippers are also distributing generous rewards. A worker at Taiwan’s Evergreen Marine Corp (長榮海運) received a year-end bonus that was nearly 40 times their monthly salary, it said.
Asian shipping lines have reported soaring revenue on record freight rates, as the
China shipping giant pays mega bonuses 30 times worker s salary ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
By Ann Koh (Bloomberg) — Asian shipping companies are offering mega bonuses to employees amid a boom in freight rates, with China’s state-owned giant Cosco Shipping Holdings Co. doling out as.