Gulftainer Names Fred Castonguay New Group CEO

UAE-based privately-owned port operator Gulftainer has appointed Fred Castonguay its new group chief operating officer to strengthen its growing ports and logistics portfolio globally.

Castonguay previously served as the vice president of Operations at Ports America Group and as president and COO for Ports America Outer Harbour in Oakland, California.

Peter Richards, Group Chief Executive Officer at Gulftainer, said: “We are pleased to welcome Fred Castonguay on board as Group Chief Operating Officer of Gulftainer. His expertise and strengths in terminal operations and leadership will continue to reinforce our global reputation. A seasoned industry veteran with a keen focus on operational excellence, he is well-qualified to join the team to steer Gulftainer into the next phase of strategic expansion.”

“Fred will ensure the team maintains Gulftainer’s quality standards and that we fulfil our commitment to providing best-in-class services to the thriving logistics industry in the markets we currently operate. We also believe his experience will add value to our business development pipeline in target markets, including the Middle East, North America and Africa.”

Over nearly 25 years, Fred Castonguay has held several international positions in terminal operations.

Fred also served in senior executive positions with major terminal operators in US, China, Hong Kong and South America, where he was responsible for overseeing strategy enhancements, ensuring operational efficiencies, turning around underperforming portfolios, as well as participating in the due diligence process in high-value mergers and acquisitions.

Fred Castonguay said: “Gulftainer’s operations are at a very compelling stage, given its strong vision for the Middle East region and robust global expansion strategy. I am very excited to help lead the company into its next crucial phase of evolution with a focus on operational excellence.”