Hong Kong chief executive Carrie Lam announced a raft of incentives and measures for the maritime and shipping sectors in her 2018 policy address, including for ship leasing, marine insurance and the ship registry.
The third Hong Kong Maritime Week from November 18 to 24 with the theme “Propel Hong Kong” seeks to boost the city as a renowned international maritime centre.
It was a quiet week for the freight market which neither the Singapore F1 race nor typhoon Mangkhut hitting Hong Kong and Souch China failed to make any impact.
Throughput at the Port of Hong Kong fell again in August for the seventh month in a row to 1.64m teu, 4.3% lower than the 1.72m teu moved in the previous corresponding period.
Cosco Shipping Ports (CSP) saw overall throughput rise 12% in August to 8.7m teu from 7.7m teu previously led by good gains in the northern ports, with the Bohai Rim region growing 22% to 1.8m teu.
Today sees the end of the first ‘Maritime UK Week’, a new initiative held in the same mid-September slot occupied by the biennial London International Shipping Week (LISW) in alternate years.