Incentives boost HK register

PUBLISHED : Friday, 17 December, 1999, 12:00am
UPDATED : Friday, 17 December, 1999, 12:00am

The Hong Kong Shipping Register increased 27.38 per cent to 7.92 million gross registered tonnes (grt), with 504 vessels, between January 1 and December 8, compared with the year-ago period.

The increase indicates the Government's push to enhance the SAR's reputation as a premier shipping hub is beginning to pay off.

A Marine Department spokesman attributed the increase to streamlined registration procedures and fee cuts.

'We have had 79 new ships of 1.6 million grt registered since April,' she said.

Cosco has on register 19 ships of a total of 581,000 grt, with one more ship pending for registration; Orient Overseas Container Line has 10 vessels at 483,000 grt; Wah Kwong Shipping Holdings has nine at 325,000 grt; and Grand Seatrade one vessel at 85,000 grt.

Tai Chong Cheang Group has ordered a 173,000 deadweight tonne Capesize bulk carrier from Daewoo Heavy Industries and has pledged to place it in Hong Kong.