Modern Terminals Explained

Modern Terminals Limited
現代貨箱碼頭有限公司
Location City:Kwai Chung
Location Country:Hong Kong
Key People:Chairman

Stephen Ng[1]
Group Managing Director: Horace Lo[2]

Area Served:Hong Kong
Industry:Container port operator
Parent:The Wharf (Holdings)
Homepage:Modern Terminals Limited

Modern Terminals Limited (Modern Terminals or MTL), is the second largest container terminal operator in Hong Kong, just after Hongkong International Terminals Limited.[3] It operates terminal 1, 2, 5 and 9 (South) in Kwai Tsing Container Terminals in Hong Kong, and also sets up joint-venture in container terminals in Shenzhen, Guangdong and Taicang, Jiangsu in Mainland China.[4]

In the 1990s, MTL's largest shareholders were the Wharf (Holdings), China Merchants Holdings (International) and Swire Pacific.

Swire Pacific sold all the shares of MTL to the Wharf (Holdings) and China Merchants Holdings (International) in 2003.[5] It is now the subsidiary of Wharf (Holdings) and its shareholders China Merchants Holdings (International) and Jebsen Group.[6]

On March 4, 2021, CCN reported that Modern Terminals, the second-largest container terminal operator in Hong Kong, joined the TradeLens project, a blockchain-enabled technological solution developed by Maersk and IBM.[7]

References

  1. http://www.wharfholdings.com/eng/about_director.html#stephen The Wharf Holdings - Mr. Stephen Ng
  2. http://www.modernterminals.com/hkbu/index.php/About/detail/ID/75/?l=english Modern Terminals Limited - Message from Group Managing Director
  3. Web site: Modern Terminals in talks on port deal . 2008-04-03 . https://web.archive.org/web/20081202170300/http://paper.sznews.com/szdaily/20070326/ca2619260.htm . 2008-12-02 . dead .
  4. Web site: Modern Terminals Limited - Equipment List . 2008-04-03 . https://web.archive.org/web/20080421115712/http://www.modernterminals.com/eng/operations/equipment.html . 2008-04-21 . dead .
  5. http://202.66.146.82/listco/hk/swire/announcement/a050801.pdf SWIRE PACIFIC LIMITED - Sale of shares in Modern Terminals Limited
  6. Web site: Modern Terminals Limited - History . 2008-04-03 . https://web.archive.org/web/20050105230912/http://www.modernterminals.com/eng/theCompany/history.html . 2005-01-05 . dead .
  7. https://www.ccn.com/hong-kongs-2nd-largest-terminal-operator-adopts-blockchain-to-document-logistics-data/

External links