New World Development Co (HK stock code 0017) is a Hong Kong conglomerate with operations in property, infrastructure, transport, retailing telecommunications and bus and ferry (New World First Ferry) operations.It is controlled by Chow Tai Food, a holding company owned by businessman Cheng Yu-tung.
Transport authorities are proposing to raise subsidies for ferry routes to outlying islands to nearly HK$200 million in order to keep services going, prompting one lawmaker to say the government may be better off running the ferry routes itself.Saturday, 25 May, 2013, 3:57am
The government plans to spend almost HK$610 million adding space for shops to three Central ferry piers as a form of cross-subsidy to help boat operators stay afloat in the long term.
Lawmakers heard yesterday that the work to raise the height of piers 4 to 6 by three floors was expected to be completed in phases from 2015 to 2018.21 May 2013 - 3:11am
Ferry companies have experienced difficulties in securing new life jackets due to rising demand after a fatal collision at sea last month, operators say.
There is a wait of at least a month before suppliers can fulfil orders placed after the National Day crash. Before the accident, deliveries could be made in half the time, they said.22 Nov 2012 - 4:20am
A new safety scare has hit ferries to outlying islands: passengers are covering up smoke alarms in toilets on board so they can have a sneaky smoke.28 Oct 2012 - 4:59am 2 comments
An attempt to close the gap between holiday and regular day fares on Cheung Chau ferries floundered in the Court of First Instance yesterday. However, the applicant - a candidate in the upcoming District Council elections - promises to fight on.8 Oct 2011 - 12:00am
Higher ferry fares took effect yesterday despite a looming legal challenge over price gaps.
Trips to and from outlying island communities - apart from Mui Wo, where fares rose on April 1 - cost up to HK$4.10 more.2 Jul 2011 - 12:00am
A resident of Cheung Chau who accused the transport chief of breaking a promise on ferry fares between Central and the island was granted a judicial review yesterday.28 Jun 2011 - 12:00am
Transport chiefs broke a promise that Sunday and public holiday fares on ferries between Central and Cheung Chau would be not be more than 20 per cent above those for the rest of the week, an islander claims in an application for judicial review.19 Jun 2011 - 12:00am
Lack of rail link on bridge a major mistake21 Apr 2011 - 12:00am
A monthly wage of HK$14,000 may sound like a good bargain for someone without a degree, especially when the job is offered by a public utility that requires - on paper - just 15 days of work a month.
But not many youngsters aspire to be ferry captains these days - at least not on local routes.3 May 2010 - 12:00am