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MSC Appoints Ammar Kanaan CEO of Terminal Investment Limited

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MSC Appoints Ammar Kanaan CEO of Terminal Investment Limited

02/12/2018

MSC Group, a leading global transport and logistics company, has appointed Ammar Kanaan Chief Executive Officer of its cargo container terminals arm, Terminal Investment Limited (TiL), effective 9 April 2018.

As the founder and Chairman of International Port Management, Ammar Kanaan brings a wealth of expertise and 30 years’ experience in the transport and port sectors. He has built companies focused on port management, transport engineering and transport consulting and also led the development and operations of MSC’s joint venture terminal in King Abdullah Port, Saudi Arabia. He holds a Master in Science in Transportation degree from Massachusetts Institute of Technology (MIT).

Ammar Kanaan replaces Vikram Sharma, who will retire from his position as Chief Executive Officer of TiL, effective 30 March, 2018. Vikram Sharma’s aspirations and leadership during the past nine years have helped TiL nearly triple its portfolio terminal equity investments and assured consistent container volume growth.

Commenting on the change in management, Diego Aponte, President and CEO of MSC Group and Chairman of TiL, said:

“The appointment of Ammar Kanaan further strengthens our port terminal investment business. I would like to thank Vikram Sharma for his commitment, hard work and dedication. He has been instrumental in ensuring TiL’s successful growth over the years.”

For further information, please contact:

Giles Broom
Global Public Relations Manager
MSC Mediterranean Shipping Company
+41 22 703 9886 / +41 79 754 8827
media@msc.com

About MSC
Headquartered in Geneva, Switzerland, and privately-owned, MSC Group is a global business engaged in the transport and logistics sector. The Group was founded in 1970 by Gianluigi Aponte and grew to become a leader in global container shipping, sailing today on more than 200 trade routes and calling at over 500 ports. Alongside the success of container shipping, the Aponte family diversified the group into cargo terminals and logistics services, as well as passenger cruises and ferries. Today MSC Group employs more than 70,000 people across the globe.

About TiL
MSC’s subsidiary TiL is one of the world’s largest and most geographically diverse container terminal managing investors, with 53 terminals situated across 5 continents. TiL enjoys a presence at 7 of the world’s 25 busiest ports by volume and has sizeable market shares in Antwerp, Singapore, Long Beach, Ningbo, Newark, Bremerhaven and Rotterdam. TiL also invests in greenfield development, such as Brasil Terminal Portuario (BPT) in Santos, the largest container port in Latin America and Lome Container Terminal (LCT) in Togo, West Africa.