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A proud heritage for a progressive
company
Established in 1969, Modern
Terminals quickly proved to be a major player
in an industry which was to grow to impressive
proportions in the coming decades. By 1972, Modern
Terminals had built Hong Kong's first custom designed
container terminal. This was the forerunner of
the Hong Kong container shipping industry and
it established Modern Terminals as the industry
leader.
Since then, in the face of
an increasingly competitive business environment,
Modern Terminals has developed into a fully-fledged
customer-oriented company. Focused on finding
solutions to each new business initiative that
a customer brings, Modern Terminals is recognized
as an organization that seeks out innovative ways
to improve its efficiency and productivity on
behalf of its customers.
Following upon our success
in Hong Kong, we are now also addressing the challenge
and the opportunity provided by the growth of
the container handling business in China. As an
active participant, we are already emerging as
a leader in this developing market.
Modern Terminals is a privately
owned company with a shareholder portfolio of
regional industry leaders: The Wharf (Holdings)
Ltd (68%); China Merchants Holdings (International)
Co Ltd (27%); and Jebsen Securities Ltd (5%).
Brief History Timeline
| 2007 |
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Berths 4 & 5 of Da
Chan Bay Terminal One began operations in
December |
| 2006 |
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Phase 2 of Taicang Container
Port, jointly developed by Modern Terminals
and Suzhou municipal authority, received approval
from the Central Government in January |
| 2005 |
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Modern Terminals launched
a HK$1billion+ facilities upgrade project
for Container Terminals 1, 2 and 5 |
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Dachan Bay container terminals
Phase 1 project, jointly developed by Modern
Terminals and Shenzhen municipal authority,
received approval from Central Government;
and a groundbreaking ceremony was held in
September |
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Modern Terminals acquired
equity stake in Phase 1 of Shekou Container
Terminals |
| 2004 |
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Modern Terminals acquired
equity stake in Phase 1 of Taicang Container
Port |
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Completion of Container
Terminal 9 (South) in August 2004. Modern
Terminals owns and operates seven container
berths and two feeder berths at Terminals
1, 2, 5 and 9 (South) |
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| 2003 |
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Modern Terminals co-founded
OnePort Limited with other Kwai Chung terminal
operators to strengthen the competitiveness
of the Port of Hong Kong |
| 2002 |
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Modern Terminals acquired
equity stake in Phase 2 of Shekou Container
Terminals |
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The company's Shanghai
Representative Office opened, enabling Modern
Terminals' expansion into the Yangtze River
Delta |
| 2000 |
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Strategic partnership
between Modern Terminals and V-Logic signified
investment in logistics |
| 1999 |
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Modern Terminals unveils
a new corporate image for the new millennium |
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JV with China Merchants
International - acquired 20 per cent equity
stake in Chiwan Container Terminal |
| 1998 |
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First JV in China - awarded
management contract for Shekou Container Terminals
(Phase 1) in Shenzhen |
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| 1991 |
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Warehouse Phase 2 completed
and topped out |
| 1989 |
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Modern Terminals takes
over Terminal Two |
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| 1988 |
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Berth Five extension completed |
| 1980 |
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Modern Terminals' Warehouse
building is officially opened |
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| 1972 |
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OCL's TOKYO BAY becomes
the first vessel to arrive at Berth One |
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| 1969 |
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Modern Terminals Limited
registered as a limited company |
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