MSC Appoints New CEO of Container Terminal Business
Mediterranean Shipping Company (MSC) has appointed Ammar Kanaan to the position of CEO of its cargo container terminals arm, Terminal Investment Limited (TiL), effective from April 9, 2018.
As the founder and Chairman of International Port Management, 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.
Kanaan replaces Vikram Sharma, who will retire from his position effective from March 30. 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.”
TIL was founded in 2000 to secure berths and terminal capacity in the major ports used by MSC. Since then, TIL has grown to become one of the largest and most geographically diverse container terminal operators globally, with material equity interests in 34 operating terminals and one development terminal and options to purchase interests in two further development terminals, states the company website.