Mediterranean Shipping Company (MSC) Group's cargo container terminals arm, Terminal Investment Limited (TiL), has appointed Ammar Kanaan as Chief Executive Officer effective April 9, 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 Masters of 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 March 30, 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.
TiL supports MSC in its carrier operations, which are the second biggest in the world by fleet capacity, with 53 terminals situated across five continents.
The terminal operator has a presence at seven 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.
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.”