SIR YUE-KONG PAO CBE LLD JP
Born 1918 Zhejiang Province, China.
Educated Shanghai and went
into banking. Took refuge in Hong Kong in 1949, entering
import/export business.
Purchased first ship in 1955 and formed
World-Wide Shipping Group. now the world's largest independent,
of which he is Chairman and President.
Banker by origin and instinct, remains a Director of Hongkong
and Shanghai Banking Corporation. Takes keen interest in
Intertanko (representing 80% of world's independent tanker
tonnage) of which he is Chairman.
Rumoured to be trying to
bring dry bulk tonnage under the wing of Intertanko which would
give it even greater influence.
Recently joined Hong Kong
Shipowners Association but stands aloof from Liberian Shipowners
Association although most of his fleet flies Liberian flag.
Guest of President and Mrs Marcos at UNCTAD V. Invited to
President Reagan's Inauguration. On visiting terms with Chinese
leadership where a cousin is Minister of Tourism. (Has $50 million
shipping joint venture with China). Frequent contacts with British
Ministers and called on Prime Minister in June 1979 and November 1980.
CBE 1976. Knighted 1978.
Married, four daughters.