There will be a change in the way the Transpacific Stabilization Agreement is led.The group announced it is establishing a four-member executive committee to run the discussion and research group that is made up of 11 of the world's leading container shipping lines. TSA will now be led by chief executive officers from four of those carriers: APL, Evergreen Marine Corp., Hanjin Shipping, and NYK Line.
"We need new energy, new ideas and a new commitment if we're going to meet the needs of shippers in the world's most dynamic trade lane," said Ronald Widdows, CEO of APL, who from the beginning of December will serve as executive committee chairman for the next year. "By placing control of TSA directly into the hands of its members, we can be more responsive than ever to those needs." The newly created executive committee will be responsible for establishing policy, formulating and implementing the group's business objectives, research activities and communicating with customers, government regulatory agencies and the shipping public, a TSA statement said.
The setting up of the executive committee comes as TSA announced that executive director Albert Pierce is retiring from the organisation from January 1, 2007. Mr Pierce has guided TSA since 1999.
TSA added that the current deputy executive director Brian Conrad will remain in charge of administrative functions for TSA as president of Transpacific Carrier Services, a non-profit affiliate company that provides administrative services to the organisation TSA members are: APL, "K" Line, Cosco, MOL, Evergreen, NYK Line, Hanjin Shipping, OOCL, Hapag Lloyd, HMM and Yang Ming.
"We need new energy, new ideas and a new commitment if we're going to meet the needs of shippers in the world's most dynamic trade lane," said Ronald Widdows, CEO of APL, who from the beginning of December will serve as executive committee chairman for the next year. "By placing control of TSA directly into the hands of its members, we can be more responsive than ever to those needs." The newly created executive committee will be responsible for establishing policy, formulating and implementing the group's business objectives, research activities and communicating with customers, government regulatory agencies and the shipping public, a TSA statement said.
The setting up of the executive committee comes as TSA announced that executive director Albert Pierce is retiring from the organisation from January 1, 2007. Mr Pierce has guided TSA since 1999.
TSA added that the current deputy executive director Brian Conrad will remain in charge of administrative functions for TSA as president of Transpacific Carrier Services, a non-profit affiliate company that provides administrative services to the organisation TSA members are: APL, "K" Line, Cosco, MOL, Evergreen, NYK Line, Hanjin Shipping, OOCL, Hapag Lloyd, HMM and Yang Ming.