Committee to protect shipowners
THE Asian Shipowners' Forum (ASF) is to set up an insurance committee to protect the interests of shipowners and promote the marine insurance industry in the region.
The Hong Kong Shipowners' Association (HKSOA) has agreed to chair the committee, with Philippine and Australian bodies as deputies.
The decision to set up the committee was taken at the third ASF meeting, held in Beijing last week.
Hong Kong had pushed hard for setting up the committee at the forum's second meeting in Seoul last May, but lack of time prevented detailed discussions on the subject, said HKSOA director Michael Farlie on his return from Beijing.
''The subject was put on the agenda of the Beijing meeting and we volunteered to take on the task,'' he said.
Study papers would be drawn up over the next six months and circulated among the members for further discussion, Mr Farlie said.