The shipping industry is anxiously awaiting efforts by the Hong Kong government to help the territory's port cope with a number of issues it is facing.
A long-time logistics professional and employee of Modern Terminals has been appointed chief commercial officer, the second executive appointment announced by the company in as many days.
A 30-year terminal industry veteran will head Modern Terminal’s Hong Kong facility, the terminal operator’s crown jewel, as the port faces intense pressure from Pearl River Delta competitors and transshipment rival Busan.
The formidable challenges facing Hong Kong port were perfectly captured in the above illustration that was presented with OOCL’s 2014 financial results recently. Few, if any, ports around the world have had to cope with such a thorough change in cargo mix over a relatively short period.
The Hong Kong government is facing mounting pressure from container terminal operators and shippers as the port struggles to cope with congestion that remains at critical levels and is delaying ships and disrupting schedules.
Modern Terminals, a container terminal operator in Hong Kong, and WNS, a business process outsourcing services provider, have teamed up to deliver BPO services.