Downturn forces Modern Terminals to delay Zhoushan project

Keith Wallis, Hong Kong - Friday 8 May 2009

MODERN Terminals, the Hong Kong-based container terminal operator, has indicated that plans to develop a nine-berth terminal complex in Zhoushan in eastern China’s Zhejiang province have been delayed as a result of the global economic downturn.

The company, which is 68% owned by Wharf Holdings, signed a strategic framework agreement with t...