The PorT of The Por T of Hong Kong Hong Hong Kong >>>ConTenTs Contents The Port of Hong Kong – evolving into the future 3 Moving full ahead with our edge 4 Growth continues despite doubts 6 Modern Terminals’ green agenda 8 HIT strengthens operational capabilities in the region 10 COSCO-HIT’s new advantage 12 DP World focuses on CT3 operation 14 Asia’s leading ship register 16 Multi-tasking at Hong Kong’s Marine Department 18 Hong Kong – leading logistics hub 21 HKCTOA: Tenacious terminal champion 23 The Pearl in the river trade 24 Ship Finance: Hong Kong’s advantage 26 Good time to rely on your broker 27 Beacon of legal professionalism 28 Tug versatility a boon for the Port of Hong Kong 30 Hong Kong shiprepair still here for the long term 31 Mid-streaming: the end of the sea road? 32 Hong Kong in the spotlight 34 The voice of Hong Kong shipping 38 香港港口 – 在演變中迎接未來 41 盡展所長邁步向前 42 前景不定，增長持續 43 香港 – 一流的物流樞紐 44 The Port of Hong Kong Handbook & Directory 2013 1 >>>ConTenTs 船舶融資：香港的優勢 46 亞洲數一數二的船舶註冊總噸位 47 同時履行多種職能的香港海事處 48 Looking to the next generation 51 Cruising Hong Kong style 52 New vigour in tackling pollution 54 Hong Kong History 56 Statistics 58 Face to face still beats Facebook 60 New home for museum celebrated 62 Directory 65 This is a DaysOnTheBay Production www.thisisasiamaritime.com 2013 DaysOnTheBay Co Ltd Although every effort has been made to ensure that the information contained in this publication is correct, DaysOnTheBy accepts no liability for any inaccuracies that may occur. All rights reserved. No part of the publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without prior permission of the copyright owner. 2 The Port of Hong Kong Handbook & Directory 2013 >>>Welcome message The Port of Hong Kong – evolving into the future ince its early days as a trading port over a century ago, Hong Kong has today estab- lished itself as an important gateway to Mainland China and a major international shipping and transhipment hub. Hong Kong attracts the flow of cargo with its free port status, efficient and Stransparent customs procedures, high frequency of sailings, multi-modal transport system, and unrivalled connectivity with Mainland China and the rest of the world via sea, land and air links. The Hong Kong Special Administrative Region Government is committed to maintaining the competitiveness of the port by keeping its infrastructure and support services in tandem with growing demand. In this connection, we are making available more port back-up land and deepening the container port basin and its approach channels so as to allow ultra-large container vessels to come and go at all tides. A combination of significant institutional strengths, such as the rule of law, the common law system, a simple and low tax regime, and the free flow of capital and information, have enabled Hong Kong to thrive as an international maritime centre, a position which we will consolidate and enhance through the training of more talents for professional maritime services. Shipping companies registered in Hong Kong own and manage 10 per cent of the world’s merchant fleet in terms of deadweight tonnage. There are about 700 shipping- related companies in Hong Kong, offering a wide range of services like shipping agency, ship management, ship owning and operations, shipbroking and marine insurance. The business portfolios of many other companies cover ship finance, legal services and arbitration. This Handbook is both a practical guide to our port and maritime services, and an informative read for anyone interested in Hong Kong’s maritime industry. Professor Anthony Cheung Bing-leung Secretary for Transport and Housing The Port of Hong Kong Handbook & Directory 2013 3 >>>Welcome message Moving full ahead with our edge ong Kong is one of the biggest and busiest ports in the world. Our shipping industry has a long history and occupies a very important position interna- tionally. Leading and renowned classification societies have all set up offices here. Our fast-growing register is well-known to the shipping community Hworldwide for its quality. To maintain the responsiveness of our port to the ever-developing global maritime scene and, hence, its competitiveness, we make it an imperative to enhance our services and infra- structure. Our Electronic Business System (eBS) offers shipping companies the efficiency and convenience of handling various port formalities and other shipping-related documents online round the clock. Port fees and charges are regularly reviewed to identify room for reduction. The Kai Tak Cruise Terminal started receiving some of the world’s largest cruise vessels this year. We are also planning to replace and upgrade our existing Vessel Traffic Services (VTS) system with the use of state-of-the-art technology to cope with traffic growth and to meet the evolving international standards of VTS equipment. Against the busy backdrop of our port, we are dedicated to maintaining the safety of vessel movements through close co-operation with responsible players in the industry and partnership with them to formulate new initiatives for the continuous improvement of ma- rine traffic and the enhancement of the competitiveness of the Port of Hong Kong. This handbook is packed with information about the broad range of services and facili- ties available to maritime businesses and professionals in this dynamic port city. Readers will find useful information at their fingertips. Francis Liu Director of Marine 4 The Port of Hong Kong Handbook & Directory 2013 HONG KONG SHIPPING REGISTRY 香港船舶註冊處 Based in Hong Kong, Taking a Global View 建基香港 放眼全球 A world-class shipping register with a reputation for excellent quality and services 以優質及良好服務而著稱的世 界級船舶註冊 Among the world’s top five registers 世界五大船舶註冊之一 User friendly and round the clock, 365 days services 手續簡易 全年無休 Marine Department, Government of the Hong Kong Special Administrative Region 香港特別行政區政府 海事處 Enquiries: 查詢： Hong Kong Shipping Registry 香港船舶註冊處 Marine Department, HKSARG 香港特別行政區政府海事處 3/F, Harbour Building, 38 Pier Road, 香港中環統一碼頭道38號海港政府大樓3樓 Central, Hong Kong 電話：(852) 2852 4387 Tel: (852) 2852 4387 傳真：(852) 2541 8842 Fax: (852) 2541 8842 電郵：[email protected] Email: [email protected] 網址：http://www.mardep.gov.hk Website: http://www.mardep.gov.hk >>>ECONOMY Growth continues despite doubts Social and political issues are causing a collective angst but the economy remains resilient he Hong Kong economy grew a pursuit of business interests, is the extraor- entrépot for the Chinese mainland respectable 1.5% in 2012, com- dinary popularity of the territory as a place • Hong Kong is the largest foreign invest- pared with a generally moribund to relax or do business. In 2012, Hong ment source of the Chinese mainland global economy. In 2013 the Kong welcomed 48.6m visitors. Some 72% • Hong Kong is the key offshore capital- Teconomy turned in a comparatively turbo- of the visitors arrived from the Chinese raising centre for Chinese enterprises charged growth of at 3.1%. According to mainland. Total tourism expenditure in • The Chinese mainland is Hong Kong’s forecasts the end-2013 growth rate is likely 2012 reached HK$296.6bn, up 14.6% largest source of external investment to be 3.5%. from the 2011 figure. According to Hong Kong statistics, in During 2012 Hong Kong’s total Tourism is one of the “four pillar 2012, 62% of re-exports were of China ori- exports were US$127.9bn, up 5.9% from a economic sectors” of Hong Kong, ac- gin and 54% were destined for the Chinese 2011 figure of US$120.9bn. Imports grew counting for 4.5% of GDP. Trading and mainland. According to China’s Customs just 2.2% in 2012, from US$56.2bn the logistics is responsible for 25.5% of GDP, statistics, Hong Kong is the second largest year previously to US$57.5bn, leaving a financial services adds 16.1% and profes- trading partner of the Chinese mainland positive trade balance of US$70.5bn. sional and other producer services accounts after the US, accounting for 8.8% of its Inflation has been a stubborn problem for 12.4% of the territory’s total GDP. total trade. in recent years. The forecast for inflation Those sectors which Hong Kong has high for 2013 as a whole is 4.3%, compared to hopes for future development are: cultural THe money connecTion 4.1% in 2012. and creative, medical services, education A Pilot RMB Trade Settlement Scheme was The Hong Kong government is keen services, innovation and technology, testing introduced by the Central Government in to attribute its economic success to the fol- and certification services and environmen- July 2009. Since that time Hong Kong has lowing generally recognised attributes and tal industries, which together accounted expanded its RMB business by offering a achievements: for 8.5% of GDP in terms of value-added number of RMB-denominated financial • Hong Kong has the world’s freest in 2011. products and services, including trade economy finance, stocks, bonds and funds. Dur- • Hong Kong has the world’s most HonG KonG as GaTeway ing the first four years of the scheme, the services-oriented economy, equating to The great majority of international busi- related cross-border remittances have totaled 90% of GDP nesses setting up in Hong Kong are looking RMB4.9trn and RMB deposits in Hong • The most competitive economy in Asia for an advantage when it comes to gaining a Kong had surged tenfold to RMB603bn • Second largest recipient of foreign foothold in the huge markets of the Chinese as at end-2012. In 2012, issuance of RMB direct investment in Asia, after Chinese mainland.