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Hong Kong Ship Registry Announces 19% Growth

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

21 September 2012


The gross tonnage of ships on the Hong Kong Shipping Register has risen by 21% in the last year, to reach 78 million at the end of August, some 12 times more than 15 years ago.

The announcement was made at the Ningbo-Hong Kong Economic Cooperation Forum, held in Ningbo on September 18, 2012, at which Hong Kong's Permanent Secretary for Transport and Housing, Joseph Lai discussed ways to build upon maritime sector synergies between authorities in mainland China and Hong Kong.

Lai said it is estimated that ships from Mainland enterprises make up 39% of the Hong Kong-registered fleet in terms of gross tonnage (30.69 million) and 34% in terms of number of ships (748). He said it reflects the support Mainland enterprises give to Hong Kong and the amount of services Hong Kong provides to the Mainland maritime industry. He invited Ningbo Port, one of the busiest terminals in mainland China, to make more use of Hong Kong's professional maritime services and international networks to expand its business overseas.

The forum is an annual event co-organized by the Ningbo government and the Hong Kong Trade Development Council to promote trade and economic co-operation between the two cities. As part of its recent efforts in the maritime field, the Hong Kong government launched a consultancy study last November on how to consolidate and enhance Hong Kong's position as an international maritime centre, and set up scholarships for Hong Kong and Mainland university graduates to receive training in maritime law, ship management, and shipbroking.

TAGS: marine | legal services | China | offshore | Hong Kong | services

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