Cosco leaks reveal divisions over CSCL merger and separate corruption details

Leaked minutes from a closed-door speech have revealed details of corruption within Cosco as well as divisions over the proposed merger with fellow Chinese state-owned firm China Shipping Container Lines (CSCL).

The minutes, which were reported by Beijing Daily’s official Wechat account and reproduced by several news outlets before being deleted, concern a speech by Cosco’s new discipline inspection head, Xu Aisheng.

The leaks include a section where Xu divulges that he berated both the Cosco chairman Ma Zehua and the CSCL chairman Xu Lirong for their handling of the expected merger between the two carriers.