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Hong Kong Aims To Boost Port's Competitveness

by Mary Swire, Tax-News.com, Hong Kong

29 November 2005

The Economic Development & Labour Bureau has proposed a fee-reduction scheme for the annual tonnage charge of Hong Kong-registered ships to promote the shipping register, in addition to other measures to enhance Hong Kong's competitiveness as a major hub port in the Asia-Pacific region.

Under the proposed scheme, a Hong Kong-registered ship will be given a six-month fee reduction for every two years during which it has not been detained. This will encourage a long-term and stable registration under the Hong Kong Shipping Register as well as promoting it as a quality register.

The bureau has suggested cutting the anchorage dues and port facilities and lighter dues to lower the operating cost of a ship calling at Hong Kong, and to introduce a new anchorage fee structure that charges hourly dues to encourage ships to minimise their stay and alleviate harbour congestion.

The bureau also proposed establishing five service anchorages in the harbour area and north of Lantau Island to expand the mid-stream cargo-handling capacity to meet the needs of the industry.

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