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Did you hear the one about the incredibly profitable shipyard…..

Did you hear the one about the incredibly profitable shipyard…..
As is the case with maritime weeks the world over, some prominent personalities get roped in to lead many different events. Hong Kong shipping veteran, ex-Wah Kwong Maritime Transport Holdings ceo and current chairman of Mandarin Shipping, Tim Huxley is one such person, having chaired many of the forums at the two-day Asian Logistics and Maritime Conference as well as being on the panel at the Asia Maritime breakfast briefing on feeder shipping.

Perhaps one of the dangers of this practice is that one's jokes tend to get repeated. One such joke was Huxley's quip about how the most profitable shipyards in history were Hong Kong companies Tai Koo Dockyards and Whampoa Dockyards, which this journalist heard at least three times in as many sessions in reference to what should be done about oversupply of newbuildings and overcapacity in the shipbuilding industry.

The punch line of course was these companies only became incredibly profitable after they filled in the dry docks and built apartments on them in one of the world's most expensive property markets.

TAGS: Regions