Hong Kong Maritime Week 2018 sets sail

Event to demonstrate Hong Kong’s focus on maritime services, including insurance

Hong Kong Maritime Week 2018 sets sail

Insurance News

By Gabriel Olano

The Hong Kong Maritime and Port Board (HKMPB) kicked off the third edition of its Maritime Week on Sunday, with the opening festivities accompanied by an orienteering race.

The event, which runs from November 18 to 24, is co-organised by the Hong Kong Shipowners Association and the Hong Kong Maritime Museum. Part of the week’s main agenda is insurance, following chief executive Carrie Lam’s announcement that Hong Kong will focus on marine insurance and other maritime services.

The opening ceremony and orienteering race were held at Sun Yat Sen Memorial Park, with Frank Chan Fan, chairman of HKMPB and Secretary for Transport and Housing delivering the opening address.

“Maritime, trading and logistics have all along been the pillar industry of Hong Kong,” said Fan. “As mentioned in the chief executive’s policy address published in October this year, Hong Kong should capitalise on our unique strengths and seize the opportunities brought by the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development.

“The Government will, through a package of initiatives including tax concessions and facilitation measures, promote the development of high value-added maritime services such as ship leasing, marine insurance, etc., thereby providing a new development strategy for the Hong Kong maritime industry.”

The week-long event features more than 50 activities, organised by 60 domestic and international organisations such as Lloyd’s List, Mare Forum, Marine Money, DNVGL, ABS, BIMCO, Mayer Brown, Norton Rose Fulbright and Lloyd’s Register

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