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Singapore's GIC buys 10% stake in MSC terminal armSingapore's GIC buys 10% stake in MSC terminal arm

Singapore sovereign wealth fund GIC has taken a 10% stake Terminal Investment Ltd (TIL) the port operating arm of Mediterranean Shipping Company (MSC).

Marcus Hand, Editor

May 3, 2019

1 Min Read
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GIC has acquired the 10% stake in TIL from Global Infrastructure Partners and other investors, no financial details were disclosed.

TIL is the world’s sixth largest terminal operator with 36 facilities in operation and one under development in 24 different countries, including a joint venture terminals in Singapore and Antwerp with PSA.

Read more: Contship sells stake in transhipment terminal Gioia Tauro to TIL

“We are pleased to invest in TIL, given its strong business alignment with its majority shareholder, MSC, and attractive growth potential from its pipeline of both existing and new terminals,” said Ang Eng Seng, chief investment officer of Infrastructure for GIC.

“We expect TIL to be well-placed to benefit from the increasing demand for containerized goods as the global middle class and manufacturing outsourcing continue to expand. As a long-term investor, we look forward to partnering with MSC, TIL’s management and GIP to support the future growth of the company.”

It increases Singapore’s already significant investments in the global terminal operating industry. PSA Corp is 100% owned by state company Temasek Holdings, and it PSA in turn holds a 20% stake in its Hong Kong-headquartered rival Hutchison Ports.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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