The Transpacific Stabilization Agreement said it is being led by a executive committee instead of a chairman.
The discussion agreement said the change was made on July 1 after expiration of the 18-month term of TSA Chairman Y.M. Kim, who is president and chief executive officer of Hanjin Shipping.
"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," the group said. It said the transition to the new structure followed several months’ planning under Kim’s leadership.
TSA’s executive committee comprises:
• Ken Glenn, president of APL.
• Anchor Chang, president of Evergreen Marine.
• W.W. Lee, deputy president and CEO of container business at Hanjin.
• Lars Mikael Jensen, vice president, network and product, Pacific services at Maersk.
• Kenji Mizushima, global liner management division CEO and board director at NYK.
• Andy Tung, chief operating officer at OOCL.
The committee is responsible for direct leadership of the group through collective discussion and strategic decision making.
Brian M. Conrad, executive administrator, will facilitate meetings, develop and provide supporting research and documentation, and coordinate policy implementation.
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 United States.
TSA members are: APL, China Shipping, CMA CGM, COSCO, Evergreen, Hanjin, Hapag-Lloyd, Hyundai, “K” Line, Maersk, Mediterranean Shipping.