Singapore buys 10% stake in Terminal Investment

GIC, Singapore’s sovereign wealth fund, has acquired a 10% interest in Terminal Investment Limited, the sixth largest container terminal operator in the world.
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 the 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 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.
“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.”
Editor

Editor

A team of dedicated journalists whose mission is to advocate for ethics and transparency in the maritime industry.

The best maritime news and insights delivered to you.

Here's what you can expect from us:

  • News & key insights covering the maritime industry
  • Expert analysis and opinions on maritime corruption and more
  • Exclusive interviews