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Modern Terminals

From Alfawiki
Modern Terminals Limited
Company typeSubsidiary
IndustryContainer terminal operations
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong, Shenzhen, Guangdong, Taicang, Jiangsu
ProductsContainer terminal services
OwnerThe Wharf (Holdings), China Merchants Holdings (International), Jebsen Group
ParentThe Wharf (Holdings)

Modern Terminals Limited (commonly known as Modern Terminals or MTL) ranks as the second largest operator of container terminal facilities in Hong Kong, following Hongkong International Terminals Limited. It oversees the operations of terminals 1, 2, 5, and 9 (South) within the Kwai Tsing Container Terminals complex. Additionally, MTL holds joint venture interests in container terminals located in Shenzhen, Guangdong, and Taicang, Jiangsu on the Chinese mainland.

During the 1990s, the principal shareholders of MTL were The Wharf (Holdings), China Merchants Holdings (International), and Swire Pacific. In 2003, Swire Pacific divested its stake to Wharf and China Merchants Holdings (International). Presently, MTL functions as a subsidiary under Wharf (Holdings), with ownership shared by China Merchants Holdings (International) and the Jebsen Group.

On March 4, 2021, Modern Terminals became part of the TradeLens initiative, a blockchain-based logistics platform created by Maersk and IBM, aimed at advancing technological innovation in container terminal management.