Hi,
u'r script seems to be fine....I think u'r problem is occurring when the application starts.One more thing: does u'r script ts_start.sh depend upon Websphere server.If it does ,then the prob cud be due to that as Websphere app may not have started by that time u'r script executes.
Secondly, u can also try this:-give sh before the command eg('sh /u02/app/EMSEUWEB/TradeSphere72/scripts/ts_start.sh'.
See if this helps......