Fares on two ferry routes from North Point to Hung Hom and Kowloon City will increase by 18 per cent, or another HK$1, from Tuesday.
New World First Ferry, which operates the two routes, said passenger traffic on inner harbour routes was persistently low, while operational costs kept rising. It also said it is difficult to attract seafarers entering the trade.
From April 1, passengers will have to pay HK$6.5 each trip on the route, up from HK$5.5. The new price for a monthly ticket will increase to HK$266.8 from HK$225.7.
“First Ferry is required to adjust the fare to cater for the sharp increase of operating cost and stabilise the operating environment,” it said in a statement, adding that it would look into ways of improving the non-fare revenue and reducing expenditure.
The fare increase is part of the company’s licence renewal conditions. Sailing schedules remain unchanged.
In 2011, services linking Hung Hom to Central and Wan Chai were axed because no other operators expressed interest in running the routes after the Star Ferry Company’s licences expired. Of the 12 years the company had operated the routes, it recorded loss in 10 of those years.