Hong Kong establishing unit for maritime and port development strategyHong Kong establishing unit for maritime and port development strategy

The task force is under the Maritime and Port Development Committee of the Hong Kong Maritime and Port Board

It will focus on the tasks including formulating strategies for enhancing the development of business sectors such as ship finance, marine insurance, maritime arbitration and ship management; facilitating transformation of global maritime and port business towards zero emission; promoting the development of smart initiatives and digitalisation in the maritime industry and exchanges and collaboration among maritime industries in the Greater Bay Area and those around the world.

The unit will also pursue studies to devise strategies for promoting the high-end maritime services industry and related areas for sustaining the competitiveness of the Hong Kong maritime and port industry; and conduct policy research and recommend initiatives to entrench Hong Kong's status as an international maritime centre.

The Task Force comprises experts from various sub-sectors within the maritime and port industry, such as shipowner, shipper, marine insurance, maritime arbitration, tax and commodity trading.

"The Task Force is set up with the aim of putting forward the action plan on key strategies to accelerate the growth of Hong Kong's high value-added maritime services cluster and further entrench Hong Kong's status as an international maritime centre. The Task Force targets to promulgate the action plan by the end of 2023," a spokesman of the Transport and Logistics Bureau said.

Related:Hong Kong investing $2.5m to promote maritime services sector