Hong Kong sends another delegation to Greece to tempt shipowners East

Hong Kong sends another delegation to Greece to tempt shipowners East

A delegation from Hong Kong plans to visit Greece in October to encourage owners and shipping companies to make a base in the Chinese city.

This is the third time in two years Hong Kong has sent a delegation to meet with the Greek shipping community. Singapore also sent a delegation to Greece earlier this year for the same purpose.

The Hong Kong delegation’s October visit comes in the wake of a summer that saw capital controls, VAT rate hikes and new taxation regimes that will erode Law 27 of 1975, the framework that protects the operation of shipping businesses in Greece as part of the country’s constitution.

Meanwhile, Cyprus has been working on a new “incentives package” to improve the ease of doing business in the country and tempt Greek owners to the east Mediterranean.

In early July, the director general of the Cyprus Shipping Chamber, Thomas Kazakos, said Greek shipping companies had been making serious enquiries about making such a move.

 

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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