Message from Group Managing Director
In the past year, the global container trade was strong after two years of low growth. However, in 2018, we expect to see a moderate “new normal” growth.
There have been a number of disruptions to our industry. The restructuring of shipping alliances was completed in April 2017 and we expect the consolidation trend will continue. Besides the issues of mega vessels, back-up land and labour supply, we have to gear up our capability in innovation, cyber security, and use of big data in order to remain competitive. In addition, we will actively participate in the Greater Bay Area development which is crucial to the future growth of our business. At Modern Terminals, we are well-equipped and positioned to face all these challenges.
In Hong Kong, our infrastructure upgrade project is on schedule. We have taken delivery of five new quay cranes and the projects on crane heightening and remote control of RTG have been progressing well. On the operational front, we have made significant achievements in productivity and operational efficiency and we will continue our efforts to bring more values to our customers.
In DaChan Bay, Shenzhen Government has started the widening and dredging work of Tonggu Channel to cater for the increasing deployment of mega vessels. With our strategic location in western Shenzhen, we have attracted a number of new services and, as the only port in Shenzhen that can handle vehicle imports, have seen solid growth in this area.
As part of our continuous efforts to align the company culture with our values, we have conducted another culture survey in March 2017 with a high response rate of 99% throughout our network. Having invested in various culture initiatives since our last survey back in 2015, we are proud to report that we have achieved significant improvement in various areas. We see it as the beginning of our culture journey and we will continue to invest in our people and to reinforce our culture. We have launched our own community initiative called Modern Terminals Summer Fitness Programme and we will make it our annual event. We have already started the preparation of our third Sustainability/CSR Report which is scheduled to be published in 2018. Please stay tuned!
Last but not least, I would like to take this opportunity to thank all our important stakeholders including our customers, business partners, and our own team for all the great achievement we have made in 2017. We look forward to another prosperous year of 2018 and beyond!
Peter J. Levesque
Group Managing Director