It is Modern Terminals Limited’s (MTL) mission to be the preferred partner for world-class terminal and supply chain services, building global connectivity for the sustainable development of local economies, and the improvement of people's well-being. MTL is recognised as a customer-focused service provider. Our expertise in the industry, the state-of-the-art equipment we invest in, and the commitment of our people enable us to deliver a unique customer experience at the terminals we operate. Whenever you interact with us you will consistently experience the following brand promises: partnership for value, customer-driven innovation and operational excellence.
Opportunities amid challenges
The global trend of vessel oversupply has remained the main burden for the industry. Alliance driven consolidation is the industry’s key focus for the deployment of mega-ships on East-West trades and the cascading of displaced vessels into smaller trades, thereby increasing vessel sizes across the board and adding a great deal of complexity in terms of customer management, inter-terminal operations and service delivery. The overall shipping market trend of the introduction of one mega vessel per week means a focus on slot costs and rate weakness have continued across recent years.
In Hong Kong, the substantial increase in barge traffic, coupled with the lack of terminal back up land and dedicated barge berths, is another trend affecting the efficiency at the Port of Hong Kong. The Pearl River Delta barge transhipment throughput at Kwai Tsing Container Terminals in Hong Kong has increased nearly 30% in the past 10 years…