2007 – CURRENT:C.E.O. – DP World / Asia Container Terminals Ltd – Hong Kong, China
Asia Container Terminals Ltd. is a joint venture company between international port operators DP World of Dubai, UAE and PSA of Singapore.The terminal with its 1.8 million TEU capacity serves as a vital entity of Hong Kong which is one of the busiest ports in the World.As a newly established company and highly profitable, it is one of the corner stone terminals in both of the shareholder’s global portfolios.I was recruited to lead the company as Chief Executive Officer.My position was to bring needed guidance to the existing management team, increase volume, efficiency and profitability in an increasingly challenging environment.In addition, continue to develop relations with the Hong Kong government and utilize my already existing strong relations with shipping line and industry executives.
·The company is recognized as one of the most cost efficient facilities in DP World’s global portfolio of 49+ facilities in which it achieves the highest production of all facilities with an average of 39 gross moves an hour per crane.The facility is recognized not only as the most productive facility in Hong Kong but also leading in safety initiatives.
·Successfully managed a challenging company environment in which the company’s shareholders were competitors against each other inthe global container terminal industry.
·Held full P&L responsibility.Administered and controlled all capital and expense budgets.Grew annual revenue from US$73 million to $76.5 million.Improved EBITDA from US$42 million to $45 million per year.Paid off US$66m in shareholder loans.This was achieved despite a 14% reduction in revenue per TEU resulting from market rate erosion and increase in transhipment percentage.
·Increased terminal volume by 16% under difficult market conditions in which Hong Kong has increasing competition from surrounding South China ports.Competition has resulted in Hong Kong having overall limited market growth of only 2% annually.
·In 2009, as a reaction to the unbudgeted economic downturn which reduced volumes by 14%, took dramatic cost reduction efforts.Reduced both operating and overhead cost below 2006 levels.Net Earnings target will be achieved, resulting in payment of interim dividend and forecasted year-end dividend totalling US$40m.
·Successful in the implementation of various cost savings programs which are gear towards developing a cost-conscious company culture.As rate levels in Hong Kong are quite stagnant or decreasing, a cost savings strategy was essential for increasing profit margin.
·Provided leadership to 7 senior managers and indirect oversight to 155 employees and 650 subcontract employees.Target was to ultimately develop my replacement with one of the local senior staff members.
·In 2008, received the 22nd AFSCA (Asia Freight & Supply Chain Awards) for the Best Container Terminal in Asia under 4 Million TEUS.In 2009, terminal was one of three finalists for the award.
·Successfully implemented OHSAS18001 Occupational Health and Safety Management System and ISO14001 Environmental Management System.Recognized by the Hong Kong Government as the first company to implement such management systems in the local container terminal industry.In addition, developed Hybrid terminal equipment which reduced fuel usage by 60%.
·Member of two Hong Kong Government councils which is a six year appointment, Logistics Development Council and Port Development Council which are geared toward industry development and regulations.Councils consist of high rank government officials and CEO level from port, shipping lines and logistics industry.
·Active member of the Hong Kong Pilotage Advisory Committee in which I represent all container terminal operators in Hong Kong.The committee is responsible for the approval of all harbour regulations and selection of new pilots.In addition, I am an active member of the Hong Kong Container Terminal Operators Association.
·During the past five years I was invited to give speeches as an industry expert at several international conferences held in Europe and Asia.Most recently, at the annual Asia Terminal Operators Conference (TOC) in which I have served on the board of directors for the event for the past two years.