Modern Terminals Limited (Modern Terminals or MTL), is the second largest

container terminal A container port, container terminal, or intermodal terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land v ...

operator in Hong Kong, just after

Hongkong International Terminals Limited Hongkong International Terminals Limited (HIT) () operates 12 Berth (moorings), berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals and another four at Terminal 8 through a joint venture with COSCO SHIPPING Ports and Asia ...

. It operates terminal 1, 2, 5 and 9 (South) in

Kwai Tsing Container Terminals Kwai Tsing Container Terminals is the main port facilities in the reclamation along Rambler Channel between Kwai Chung and Tsing Yi Island, Hong Kong. It evolved from four berths of Kwai Chung Container Port () completed in the 1970s. It la ...

in Hong Kong, and also sets up

joint-venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

in container terminals in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

Guangdong ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...

and

Taicang Taicang is a county-level city under the jurisdiction of Suzhou, Jiangsu province, China. The city located in the south of the Yangtze River estuary opposite Nantong, being bordered by Shanghai proper to the south, while the river also delineates ...

Jiangsu Jiangsu is a coastal Provinces of the People's Republic of China, province in East China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the List of Chinese administra ...

Mainland China "Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

. In the 1990s, MTL's largest shareholders were

the Wharf (Holdings) The Wharf (Holdings) Limited (), or Wharf (九倉) in short, is a company founded in 1886 in Hong Kong. As its name suggests, the company's original business was in running wharfage and dockside warehousing, and it was originally known as Th ...

China Merchants Holdings (International) China Merchants Port Holdings Company Limited () is a major conglomerate based in Hong Kong and is involved in a range of businesses such as port operations, general and bulk cargo transportation, container and shipping business, air cargo, log ...

and

Swire Pacific Swire Group ( zh, t=太古集團) is a highly diversified global conglomerate with its parent company being John Swire & Sons Limited that holds controlling stakes in a range of businesses trading in the UK, USA, Australia, Papua New Guinea, ...

. Swire Pacific sold all the shares of MTL to the Wharf (Holdings) and China Merchants Holdings (International) in 2003. It is now the subsidiary of Wharf (Holdings) and its

shareholders A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...

China Merchants Holdings (International) and

Jebsen Group Jebsen Group () is a marketing, investment, and distribution organisation founded in 1895. It is headquartered in Hong Kong with offices in mainland China and Macau. It consists of four business lines: Beverage, Consumer, Motors, and Jebsen Capita ...

. 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.https://www.ccn.com/hong-kongs-2nd-largest-terminal-operator-adopts-blockchain-to-document-logistics-data/

References

External links

Modern Terminals Limited
{{Ports and harbours of Hong Kong Port operating companies Ports and harbours of Hong Kong Transport companies established in 1969 1969 establishments in Hong Kong Lai King Tsing Yi The Wharf (Holdings) China Merchants 1994 mergers and acquisitions 2001 mergers and acquisitions 2003 mergers and acquisitions 2005 mergers and acquisitions