The chairman of Hong Kong logistics and real estate conglomerate Wharf Holdings, Stephen Ng Tin Hoi, said that Hong Kong port is no longer among the world’s busiest ports and is not optimistic about the terminal business.
Wharf Holdings, which operates container terminals (under the Modern brand name) in Hong Kong and Shenzhen, saw operating profit from the group’s logistics business halve year-on-year, to US$48.4 million in 2023. Overall, the group achieved a net profit of US$141.5 million,...
Hong Kong’s port and terminal operator Modern Terminals has announced that Hapag-Lloyd’s vessel Manzanillo Express arrived in Hong Kong from Chile with a record number of containers carrying cherries from the Latin American country.
Manzanillo Express is deployed on Hapag-Lloyd’s seasonal Cherry Express service linking Hong Kong with the port of Valparaiso in Chile.
According to Modern Terminals, Hong Kong handled 1,222 active reefer boxes on 31 December, the highest number of Chilean cherry...
Modern Terminals Limited (MTL) has completed the upgrade of Navis’ N4 terminal operating system (TOS) in its container terminals at Kwai Tsing Port in Hong Kong and DaChan Bay in China to support more efficient and effective operations.
“With our intelligent TOS connecting the dots throughout the terminal, Modern Terminals has all the data it needs to make real-time business decisions, building its reputation as a reliable gateway to keep cargo flowing smoothly in the region,” said David Houser,...
https://container-news.com/modern-terminals-upgrades-navis-terminal-operating-system/
Modern Terminals has announced its sustainability strategy to conduct operations aiming at the elimination of direct greenhouse gas (GHG) emissions by 2030 and to become carbon neutral by 2050.
The strategy includes long-term goals for five sustainability pillars: Corporate Governance, People, Health and Safety, Environment, and Community Involvement, which provide a plan for the container terminal operator with facilities in Hong Kong and Western Shenzhen.
“We see that climate change is a big...
https://container-news.com/modern-terminals-builds-sustainability-strategy/
The long-term decline in container volumes at the port of Hong Kong has again been highlighted with the release of Hutchison Port Holdings Trust’s (HPH) nine-month results.
However, some hope for the maritime hub’s future may be on the horizon, following the “tremendously successful” launch of the Hong Kong Seaport Alliance (HKSPA) by HPH, Cosco, Asia Container Terminals and Modern Terminals.
HPH operates the three Kwai Tsing terminals in Hong Kong and, …
The post HPH results sum up Hong Kong...
https://theloadstar.com/hph-results-sum-up-hong-kong-port-woes-but-terminals-alliance-brings-hope/
A new alliance of four Hong Kong major container terminal operators has been slammed as anti-competitive by local shippers.
The Hong Kong Seaport Joint Operating Alliance Agreement (HKSPA), announced yesterday, sees Cosco Shipping Ports team up with Asia Container Terminals, Hongkong International Terminals and Modern Terminals.
According to Cosco, the four companies will collaborate on the management and operation of 23 berths across Hong Kong’s Kwai Tsing terminals, with the aim of …
The post S...
Hong Kong’s second-biggest container port manager has signed on to a blockchain solution for documenting logistics data developed by the world’s largest shipping line, as a battle looms over the...
http://container-news.com/modern-terminals-maersk-tradelens/
Maersk and IBM have faced a fair amount of criticism over the relatively slow movement of their TradeLens blockchain project.
Industry commentators have speculated that Maersk’s involvement has put off new shipping line members coming in.
However, Modern Terminals, the second largest container operator in Hong Kong, has now joined several other ports involved in the project, which aims to digitise and streamline processes.
The Trade Lens ecosystem should help cut costs and …
The post Hong Kong...
https://theloadstar.co.uk/hong-kong-operator-joins-tradelens-blockchain-rival-raises-head/