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ACL chairman says agreement helped carrier turn profit in 1994. Carrier elects board members.
Atlantic Container Line's chairman predicts transatlantic carriers will eventually craft a conference agreement that will satisfy regulators.
Olav Rakkenes, chairman and chief executive officer of ACL, pointed out that reviews of the Trans-Atlantic Agreement by regulators in Brussels and Washington aren't expected to be finished until sometime in 1995.
But he told ACL shareholders at a special meeting in Gothenburg that TACA had succeeded in shoring up rates and helping ACL break into the black during the last year.
He said that despite the regulatory …