Ports America Group Announces Corporate Promotions

Ports America Group has announced the promotions of Douglas A. Tilden from chief executive officer to chairman and Stephen Edwards from president to chief executive officer and president.

Earlier this year, Tilden was promoted to CEO of Ports America from his previous position as president and CEO of Marine Terminals Corp. / MTC Holdings. He began his career in the shipping industry in 1969, working for United States Lines for 18 years before joining Marine Terminals Corp. in 1987. This new role will allow Tilden to focus on enhancing value to customers and to work on corporate-wide strategic initiatives.

“As chairman I will be able to devote time and attention to our top strategic priorities – exceeding our customers’ expectations and making a long-term investment in the business,” Tilden said.

Edwards joined Ports America in February 2005 after working 17 years for the P&O Group. Prior to his appointment as president, Edwards was president and CEO of P&O Ports North America, Inc.

“I very much look forward to leading the operations of the Ports America Group as we develop the premier marine terminal and port operating company,” Edwards commented. “I will be relying on Doug Tilden’s expertise as I work closely with him to further the accomplishments of the company’s service and growth objectives.”

Ports America, which is privately held by Highstar Capital, was formed by the consolidation of several terminal operating companies including the U.S. holdings of P&O Ports, MTC Holdings and Amports. Ports America is the largest stevedoring and terminal operating company in the Americas providing services at 95 terminals in 49 ports including New York/New Jersey, Los Angeles/Long Beach, Baltimore, Savannah, Miami and Houston. The Ports America portfolio of companies also has a strong foothold in México, with operations at Toluca, Lázaro Cárdenas, Mazatlán, Altamira and elsewhere in México. In 2007, Ports America handled more than 12 million TEU, more than two million automobiles, three million tons of general cargo and one million cruise ship passengers. The company is headquartered in Iselin, New Jersey. For additional company information, please visit www.portsamerica.com.

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