ITCO president Reg Lee has informed the board that he will retire from the post at the end of this year.
The International Tank Container Organisation started in 1998 and Lee was one of the founder members.
Jeremy Bergbaum was the organisation’s first president and when he stood down in 2003, Lee was elected to lead ITCO - upon his retirement from Stolt.
Lee resigned as the president of ITCO in 2009 as the board at that time was unwilling to expand the organisation into the Asia-Pacific market and include companies from Asia.
This was mainly because of their concerns about creating more competition.
In 2010, Graham Wood and Lee started the Asia Tank Container Organisation to help develop and expand the rapidly expanding Asia tank container market, which today is the fastest growing region – with more than 90% of the world’s tank containers being manufactured in China, and many of the Asian tank operators expanding regionally and globally.
In 2016, Lee was invited back as president of ITCO.
Then, in 2017, Lee combined ITCO and the Asian one into a single tank container organisation.
Today, ITCO remains the only the organisation representing the worldwide tank container industry with almost 200 members.
Lee said: “I am proud of what we have achieved in my time at ITCO. However, now is the time to pass the baton on to a new president, who will take the organisation to the next stage in its development.”