Maritime business set to turn the tide
China DailyThe Greater Bay Area's world-class port cluster, tax concessions for shipping operators, and the development of smart ports in Hong Kong are expected to make the city's seafaring industry more competitive amid sluggish growth in the global economy and trade. "To meet the challenges, the government's directives, including the initiatives announced in the Policy Address, are in the right direction to make our ports more competitive," says Bjorn Hojgaard, chairman of the Maritime and Port Development Committee of the Hong Kong Maritime and Port Board. The Greater Bay Area Outline Development Plan supports the consolidation and promotion of Hong Kong's status as an international maritime center, and its development of high-value-added maritime services. "Hong Kong, as an international maritime center, can play a crucial role in building a world-class port cluster in the Guangdong-Hong Kong-Macao Greater Bay Area by utilizing its unique advantages and strategic position," says Hojgaard.
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