MSC Increases Its Stake In TiL And Welcomes Singapore’s GIC As A New Shareholder Of TiL
MSC Mediterranean Shipping Company SA announces that it is increasing its majority stake in Terminal Investment Ltd (TiL) to 60%, following a deal with Global Infrastructure Partners (GIP) and other co-investors. MSC also welcomes a new partner to the shareholding of TiL after Global Investment Corporation, a Singaporean Sovereign Wealth Fund, acquired a 10% stake in TiL from GIP and other existing co-investors.
GIP, a leading global, independent infrastructure fund manager, remains a significant shareholder.
TiL, which along with MSC is headquartered in Geneva, Switzerland, is one of the world’s largest and most geographically diverse container terminal investors.
As a terminal operator, TiL handles 34 million cargo moves a year for MSC and other shipping lines in 29 countries across five continents. It is present at 7 of the world’s 25 busiest ports – Antwerp, Singapore, Long Beach, Ningbo, Newark, Bremerhaven and Rotterdam.
TiL is overseen by Chairman Diego Aponte, who is President & CEO of MSC Group. The company is managed since 2018 by Chief Executive Officer Ammar Kanaan.
Reference: msc.com
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
U.S Navy Accuses Iranian Vessels Of Harassing Its Marine Attack Helicopter With Lasers
European Maritime Companies Ditching Toxic Ships On Bangladesh Beaches, Killing Workers
HII Achieves Construction Milestone For Virginia-Class Submarine USS Arkansas
Improperly Declared Dangerous Goods Putting Lives At Risk In The Supply Chain
NYK To Trial Mooring System To Suppress Hull Shaking With Jera And Trelleborg Marine Systems
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.