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.