Modern Terminals

Modern Terminals Limited
現代貨箱碼頭有限公司

Company type	Privately held company
Industry	Container port operator
Founded	1969; 56 years ago (1969)
Headquarters	Kwai Chung , Hong Kong
Area served	Hong Kong
Key people	Chairman: Stephen Ng[1] Group Managing Director: Horace Lo[2]
Parent	The Wharf (Holdings)
Website	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. "The Wharf Holdings - Mr. Stephen Ng". Archived from the original on 2009-03-10. Retrieved 2008-04-03.
2. Modern Terminals Limited - Message from Group Managing Director
3. "Modern Terminals in talks on port deal". Archived from the original on 2008-12-02. Retrieved 2008-04-03.
4. "Modern Terminals Limited - Equipment List". Archived from the original on 2008-04-21. Retrieved 2008-04-03.
5. SWIRE PACIFIC LIMITED - Sale of shares in Modern Terminals Limited
6. "Modern Terminals Limited - History". Archived from the original on 2005-01-05. Retrieved 2008-04-03.
7. https://www.ccn.com/hong-kongs-2nd-largest-terminal-operator-adopts-blockchain-to-document-logistics-data/ ^[bare URL]

External links

• Modern Terminals Limited