MSC Group has appointed a new chief executive for its cargo container terminal arm to replace the division's current leader this spring.
The privately held group has appointed Ammar Kanaan as the helmsman of Terminal Investment Limited (TiL), effective 9 April.
He will replace Vikram Sharma, who will retire 30 March after nine years in the post, MSC Group said.
Kanaan, founder and chairman of International Port Management, has 30 years of experience in the transport and port sectors.
MSC Group said he has built companies focused on port management, transport engineering and transport consulting.
He has also led development and operations of MSC’s joint venture terminal in King Abdullah Port, Saudi Arabia.
He holds a masters of science degree in transportation from Massachusetts Institute of Technology.
An email to MSC Group was not immediately returned.
The group said Sharma has helped TiL, which manages 53 terminals worldwide, nearly triple its portfolio terminal equity investments and assured consistent container volume growth.
“The appointment of Ammar Kanaan further strengthens our port terminal investment business," said Diego Aponte, MSC Group's chief executive and TiL chairman.
