as a logical extension of our partnership with them in our global terminal business. Furthermore, the investment in Exolgan aligns with our strategy at MSC to acquire equity in key terminals so as to ensure the efficiency and capacity required for our global shipping network.” Adebayo Ogunlesi, Managing Partner of GIP, commented: “We are very happy to have extended our relationship with the MSC Group through this sale of our interest in ITL to TIL. We are confident that Exolgan, which is the largest and most efficient terminal in Argentina, being capable of servicing two 10,000 TEU ships concurrently, will fit well within the TIL terminal portfolio and will, in the future, provide excellent service to MSC and its other customers.”
About International Trade Logistics
International Trade Logistics is the largest container terminal and associated logistics business in Argentina. ITL has three business units:
• Exolgan – a four berth, seven super post panamax crane, 2.5 million TEU potential capacity container terminal which handled ca. 550k TEU in 2013;
• Exologistica – a contract logistics business focused on the consumer products, industrial and petrochemical sectors and providing integrated solutions to Exolgan customers; and
• LPI – a logistics warehousing business servicing Exologistica and third parties as well as Exolgan off terminal services.
ITL is jointly owned with PSA of Singapore.
About MSC Mediterranean Shipping Company S.A.
MSC Mediterranean Shipping Company S.A. of Geneva, Switzerland, is a privately owned shipping line, founded in 1970, which has rapidly grown to become the number two global container shipping line. During recent years MSC’s maritime fleet has expanded substantially and currently stands at 466 container vessels with an intake capacity of ca 2.4 million TEUs.
About Global Infrastructure Partners
Global Infrastructure Partners is an independent infrastructure investment fund with over US$19 billion under management. GIP invests worldwide in infrastructure assets and busin
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