Tse leaves YICT after 15 years
Kenneth Tse, director and general manager of the Yantian International Container Terminal in Shenzhen, China, is stepping down to take early retirement, effective Feb. 1.
Tse made the announcement Wednesday in an e-mail to employees obtained by AmericanShipper.com.
The terminal's board has named Hai Chi Yuet to replace Tse.
Tse said he would remain an advisor to YICT for the rest of the year and then be free to pursue other career opportunities.
YICT, on China's Pearl River delta, is a joint venture between Hutchison Port Holdings, the world’s largest port operator, and Shenzhen Yantian Port Group. The biggest individual terminal complex in Shenzhen, it has 13 berths, with two more scheduled to open in 2010.
Tse joined Hong Kong International Terminal, Hutchison's flagship facility, in 1992 as senior project manager and is credited with instituting industry-leading productivity measures. Trained as an economist at the University of Hong Kong, Tse was appointed managing director of YICT in November 1993.
YICT handled more than 10 million TEUs in 2007. It averages 35 lifts per hour. But the port reflects the decline in China's exports this year, with volume down 6 percent in the first half of the year.
Tse also worked hard to transform Shenzhen into an international logistics hub in his role as an advisor on several city economic boards.
Earlier in his career Tse held positions with shipping services provider Swire Group and Citibank. ' Eric Kulisch