Da
Chan Bay Terminal One
Located in western Shenzhen,
Da Chan Bay is being jointly developed by Modern
Terminals and the Shenzhen Municipal Government
as a world-class container terminal serving the
Pan-Pearl River Delta cargo catchment areas. Da
Chan Bay Terminal One is classified by Shenzhen
Municipal Government as a major project, with
approval by the National Development and Reform
Commission in March 2005. Modern Terminals has
a 65% shareholding in Da Chan Bay Terminal One.
Two of the Terminalˇ¦s five container berths began
operations at the end of 2007; the others will
be ready for use in 2008. Their quay depth is
currently - 15.5 metres, and this will be dredged
up to - 18 metres in the future, enabling them
to handle the worldˇ¦s largest existing and planned
container vessels.
Modern Terminals manages Da
Chan Bay Terminal One, where we are contributing
our expertise and corporate culture to provide
its customers with a continuum of service and
operational excellence that incorporates the most
advanced IT systems, equipment and facilities,
as well as an international-standard security
system.
Please
click here for more details on Da Chan Bay Terminal
One.
Shekou
Container Terminals Phases 1, 2 and 3
Our first joint-venture arrangement
concerning Shekou Container Terminals (SCT) in
Shenzhen was made with P&O Ports in 1998.
Under the arrangement, Modern Terminals was awarded
the management contract for SCT (Phase 1). In
2005, we acquired an equity stake in this venture.
We also subsequently acquired an equity stake
in SCT (Phase 2), which is managed under a joint
operating agreement with Phase 1. In addition,
Modern Terminals has provided essential management
skills to this operation.
In 2006, Modern Terminals and
China Merchants Holdings (International) Company
Limited (CMHI) formed a joint-venture company
named Mega SCT. Its purpose is to rationalize
and consolidate all the interests of the two companies
in Shekou Container Terminals Phases 1, 2 and
3. Modern Terminals currently holds a 30%* share
in the three phases. The consolidation of SCTˇ¦s
ownership facilitates the operational efficiency
and synergy between its various elements, and
it aligns with our business development strategy
in the Pearl River Delta.
* Ultimately will be diluted
to 20%
Chiwan
Container Terminal
In December 1999, we entered
into a joint venture together with CMHI to acquire
a 20 per cent equity stake in Chiwan Container
Terminal, Western Shenzhen.
The initial development strategy
of establishing a strong foothold in the nearby
region of the Pearl River Delta has proved to
be beneficial to all concerned - our customers,
our Chinese business partners and ourselves -
and we are now carefully and selectively pursuing
opportunities further to the East and the North.
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