SHANGHAI MARCH 2008

DR. FU YUNNING TO CHAIR GLOBAL INSTITUTE OF LOGISTICS IN CHINA

The Global Institute of Logistics is pleased to announce that Dr. FU Yuning, President of China Merchants Group Limited, and Chairman and CEO of China Merchant Holdings (International) Company Limited has been appointed as the Chairman of the China Chapter of the Global Institute of Logistics.

Dr Fu’s Chairmanship was announced at a ceremony in Shanghai on Monday March 17th where the China Chapter of the Institute’s Maritime Council met on the eve of TOC Asia at the Institutes third annual China Chapter dinner.

Dr. Fu will play a leading role in the development of the Institute’s Global Maritime Logistics Council, the council was launched in 2006 to promote joined-up thinking in maritime logistics. The council promotes the development of a culture of collaboration among the different maritime logistics stakeholders. The council provides the maritime logistics industry with a forum through which global shippers, 3PLs, carriers, port authorities and terminal operators can collaborate closely to share their knowledge, so as to improve supply chain efficiency and security. The council and its officers were the driving force behind the development of the Container Terminal Quality Indicator (CTQI) standard launched in February 2008 by Germanischer Lloyd certification. The China Chapter of the Maritime Council focuses on regional matters, and has been chaired since its inception in 2006 by Hellmann Worldwide Logistics Director Paul Goldsbrough.

Speaking at Mondays annual dinner in Shanghai, Mr. Goldsbrough reflected on his time in the chair before welcoming Dr. Fu as his successor.

“I am honoured to have served as the founding Chairman of the China Chapter and am particularly proud of our role in the development of the CTQI standard; its existence is testament to the power of cooperation amongst all stakeholders in global maritime logistics and proves what can be achieved when we as an industry simply talk.

I would like to congratulate Dr. FU on his appointment to the Chair. It gives me enormous satisfaction to see the role pass to Dr. Fu, his reputation and deep working knowledge of the Chinese maritime logistics sector will bring the work of the Global Institute of Logistics to a new and much larger audience. I am very encouraged by his vision for the China Chapter and am confident that under his direction, it will establish itself as one of the preeminent voices in Chinese maritime logistics”

Dr. Fu, commenting on his appointment said:

“I very much look forward to my time as Chairman of the China Chapter; the Global Institute of Logistics has done an excellent job in developing the Global Maritime Logistics Council and has proved the case for its work in the development of CTQI.

In the future development mandate of the China Chapter, I wish to bring attention to a number of items on the agenda. We plan to call upon the assembly of a multi-party task force made up of a cross-section of the industry, to investigate and identify key build-up areas of Chinas maritime logistics chain particularly the standing of Chinas inland distribution network and the effects of logistics traffic on existing infrastructure. The taskforce will determine efficiency and productivity pitfalls and evaluate site connectivity for benchmarking. The best minds in the business will congregate through a series of workshops over the year, ultimately culminating in the production of a white paper to showcase the results and present deliverables

Paul Goldsbrough Outgoing Chairman of the China Chapter
Congratulates Dr. Fu Yunning on his appointment as his successor

BIOGRAPHICAL NOTE:

Dr. FU Yuning was born in 1957. He graduated from Dalian Institute of Technology in the PRC with a Bachelor’s Degree in Port and Waterway Engineering. Dr. Fu obtained his Ph.D. in Offshore Engineering from Brunel University in the UK, where he also worked as a Post-Doctorate research fellow from 1986 to 1987. Dr. Fu is President and a Director of China Merchants Group Limited. He also currently holds the following positions in these HK and Mainland China listed companies: Chairman and CEO, China Merchants Holdings (International) Company Limited; Chairman, China Merchants China Direct Investments Limited; Independent Non-Executive Director, Integrated Distribution Services Group Limited and Sino Land Company Limited; Chairman, China International Marine Containers (Group) Limited; Chairman, China Merchants Energy Shipping Company Limited; Director, China Merchants Bank.

Dr. Fu was previously President and Managing Director of China Nanshan Development (Group) Incorporated. From February 1999 to July 2000, he was Chairman of Union Bank of Hong Kong Limited. From 2001 to 2003, he was an Independent Director of Jurong Port Pte. Limited in Singapore. Dr. Fu is also Executive Director of the Hong Kong General Chamber of Commerce, Director of Hong Kong Port Development Council and a member of International Advisory Panel of CapitaLand in Singapore.