Transpacific Stabilization Agreement

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TSA Leadership Structure Continues to Evolve

Hands-on line management still a priority; Executive Committee model reflects varied member characteristics and objectives.


Oakland, CA / September 24, 2011 – With the recent expiry of Hanjin Shipping Co. Ltd. President and CEO Y.M. Kim’s term as chairman, the Transpacific Stabilization Agreement (TSA) has taken a further step in the evolution of its leadership structure. The carrier research and discussion forum continues to adhere to the principle of direct line decisionmaking, but has shifted leadership from a single line chief executive to its Executive Committee.

The move reflects TSA’s expanded, more diverse membership over the past two years, and the need to base strategic decisions going forward on member’s different geographic, customer and cargo market profiles. TSA’s transition to the new structure followed several months’ planning under Mr. Kim’s leadership as chairman, and took effect on July 1, 2011 as his 18-month term expired.

The Agreement expressed gratitude for Mr. Kim’s valued guidance and steady management during his tenure, which coincided with a period of sustained market, regulatory, service and financial challenges for ocean carriers operating in the Pacific.

TSA’s six-member Executive Committee has been in place for some time, in an advisory capacity. It will now be responsible for direct leadership of the group through collective discussion and strategic decisionmaking. Conrad, as executive administrator, will facilitate meetings, develop and provide supporting research and documentation, and coordinate policy implementation.

The current TSA Executive Committee consists of APL, Ltd. President Ken Glenn; Evergreen Marine Co. President Anchor Chang; Hanjin Deputy President and Chief Executive of Container Business W.W. Lee; Maersk Line Vice President, Network and Product, Pacific Services Lars Mikael Jensen; N.Y.K. Line Global Liner Management Division CEO and Board Director Kenji Mizushima; and OOCL Chief Operating Officer Andy Tung.

In coming months, Conrad said, TSA will decide on a term limit for the Executive Committee, as well as a rotation process that will provide for eventual leadership participation by other TSA lines in their turn.

TSA is a research and discussion forum of major container shipping lines serving the trade from Asia to ports and inland points in the U.S.


TSA Members:

APL, Ltd.
China Shipping Container Lines
CMA-CGM
COSCO Container Lines, Ltd.
Evergreen Line
Hanjin Shipping Co., Ltd.
Hapag Lloyd AG
Hyundai Merchant Marine Co., Ltd.
Kawasaki Kisen Kaisha, Ltd. (K Line)
Maersk Line
Mediterranean Shipping Co.
Nippon Yusen Kaisha (N.Y.K.Line)
Orient Overseas Container Line, Ltd.
Yangming Marine Transport Corp.
Zim Integrated Shipping Services


Contact:

Niels Erich
T: (415) 525-4520
E: n.erich@comcast.net




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