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Singapore takes 10% stake in MSC’s terminal company

GIC, Singapore’s sovereign wealth fund, has acquired a 10% interest in Terminal Investment Limited (TIL), the sixth largest container terminal operator in the world, from Global Infrastructure Partners (GIP) and other existing co-investors. TIL has a globally diversified portfolio that handles the container volumes of Mediterranean Shipping Company (MSC), the world’s second largest container shipping line, and other third parties including Maersk which is MSC’s 2M shipping alliance partner.

Ang Eng Seng, chief investment officer of infrastructure at GIC, said: “We expect TIL to be well-placed to benefit from the increasing demand for containerised 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.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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