Ports America, a portfolio company of infrastructure fund manager Highstar Capital, has named a new president and chief executive officer.
The marine terminal operator named Michael Hassing for the job. Hassing previously worked as chief executive officer at Scandlines, a European ferry operator, according to a statement.
Last year, Ports America won the bidding on two public-private partnerships in the ports sector: a long-term lease and financing of the Seagirt Terminal at the Port of Baltimore and a concession on the Port of Oakland’s Outer Harbor Terminal in California.
The latter deal won the company an award recently. The San Francisco Business Times, a local paper, called the Outer Harbor Terminal one of its Real Estate Deals of the Year for 2009.
New CEO at Ports America
Michael Hassing will hold the top job at the Highstar-owned terminal operator that last year won the bidding for terminal concessions in California and Baltimore.