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03 December 2008 The on-line newspaper devoted to the world of transports 03:27 GMT+1



April 23, 2004

Modern Terminals denies takeover of CSX facility

Keith Wallis

Modern Terminals has denied any moves to take over or use Kwai Chung's Container Terminal 3 which is operated by CSX World Terminals.

There has been speculation Modern Terminals might move in after CSX World Terminals lost its biggest customer, South Korea's Hanjin Shipping, to Li Ka-shing's Hongkong International Terminals last month.

There have also been suggestions Maersk SeaLand, the only other major CSX World Terminals customer, will move out in the summer, when its existing five-year agreement expires. Maersk SeaLand mainly uses Modern Terminals to handle its cargo ......
Read more on The Standard





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