Editorial | Hong Kong’s Star Ferry in need of another cash route
- City’s iconic transport system faces an uncertain future as impact of Covid-19 prompts it to seek substantial fare increases, but other options must be considered
The Star Ferry has sailed between Hong Kong Island and Kowloon for 124 years, through world wars and enemy occupation, economic depression, recession, typhoons and competition from the MTR and cross-harbour tunnels. Until Covid-19, it seemed nothing could knock it off course.
As the city grew, a harbour crossing service became an iconic sightseeing experience for locals and visitors alike.
But its resilience and colourful history did not prepare it for the crushing social and commercial impact of pandemic controls. Its lifeblood – paying passengers – has dried up.
It has lost nearly half its patronage since 2018. It has been running at a loss, including HK$37 million (US$4.7 million) last year, accumulating debt that now exceeds total assets.
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Hong Kong’s iconic Star Ferry intent on riding out rough waves from Covid and social unrest
As a Hong Kong brand comparable with The Peak, the Star Ferry desperately needs the city to fully reopen. Even then, the timing and momentum of the return of visitors remains uncertain.