Singapore Invests in MSC-Backed TIL

 03 May 2019 10.08am

GIC, Singapore’s sovereign wealth fund, has acquired a 10% stake in Terminal Investment Limited (TIL), the sixth largest container terminal operator in the world and whose majority shareholder is MSC, from Global Infrastructure Partners (GIP) and other existing co-investors.

The sale, which has been announced today, was made at an undisclosed price, according to a statement from GIC.

Ang Eng Seng, Chief Investment Officer of infrastructure at GIC, said TIL’s diverse portfolio of terminals means it is well placed to tap in regional growth in containerized trade.

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“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,” Seng said.

“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.”

TIL’s portfolio stretches across 24 countries and, as well as MSC, the second biggest carrier in the world, also counts Maersk among its shipping partners.

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  Automation and Optimisation , Cargo Volumes and Throughput, Carriers, Containers, Global Economy/Trade, Port Governance, Port Planning, Ports, Shipping