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LIU APPOINTED PRESIDENT OF COSCO EUROPE

LIU APPOINTED PRESIDENT OF COSCO EUROPE

   Liu Guoyuan has been appointed president of Cosco Europe
GmbH, the European regional head office of China Ocean Shipping Co.
    Liu had been senior commercial director of the COSCO group and became
vice president of Cosco Europe in January 1998.
    Liu replaces Captain Chen Xuekun.