Hong Kong’s leader delivers on maritime promises

Hong Kong’s leader delivers on maritime promises

In her second policy address since coming to power last year, Carrie Lam, the chief executive of Hong Kong, today made good on her promise last week to bolster the city’s maritime credentials.

“We will continue to serve as the best springboard for mainland maritime companies seeking to go global, and to provide facilitation for international maritime organisations to set up presence in Hong Kong and tap the mainland market,” Lam said in a lengthy policy address.

Among new measures, the Hong Kong government will look to implement tax relief proposals for marine insurers and ship leasing companies. A further HK$200m ($25.5m) will be injected into the city’s Maritime and Aviation Training Fund.

Lam also promised to spend more developing the the Hong Kong Shipping Registry, the world’s fourth largest shipping flag, and an institution local owners have been crying out for more financial backing. Regional desks in selected government overseas and mainland offices will be created to provide support to shipowners and promote the registry.

Lam gave the opening address at last week’s Global Maritime Forum at the territory’s main cruise terminal in which she vowed to bolster the city’s maritime set-up.

Lam, the leader of the Special Administrative Region since July last year, told the 200 delegates attending the show: “We do hope to be breaking some new ground in our maritime industry in order to remain a strong force in the 21st century.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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