CONFIDENTIAL
Hong Kong-owned Shipping
6.
interests
Only a small proportion of the 10% of the world's shipping beneficially owned by Hong Kong
i s registered in the
Most, if not all, of the tonnage owned by Sir Y K Pao is
It is possible that, for
Territory.
registered in
presentational
Panama or Liberia.
reasons,
some major Hong Kong shipowners may register
s ome of their vessels on a new Hong Kong register. Sir YK Pao's
has halved since 1981 to less than 70 vessels totalling 9m
fleet
dwt;
day-to-day running of
son-in-law, Dr Sohmen.
the
fleet is delegated to his
CONFIDENTIAL