The38-year-old takes over from her father George, who has been named president butwill not resume day-to-day duties.

VincentLai has been appointed chief financial officer and a director of the company. TimHuxley remains as chief executive.

MsChao has been running the day-to-day activities of the Hong Kong shipowner sinceher father suffered astroke in late 2010.

Sabrinajoined the family firm, which her grandfather founded in the early 1950s, in2002 fresh from Jardine Fleming and PricewaterhouseCoopers.

Shetook