TUESDAY, OCTOBER 15, 1991
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LARGEST NEW SHIP TO JOIN HK REGISTER
THE DIRECTOR OF MARINE, MR ANTHONY
MILLER,
TODAY (TUESDAY) SO FAR THE
ATTENDED THE NAMING CEREMONY OF M.T. "NEW WORLD" LARGEST NEW SHIP TO JOIN THE AUTONOMOUS HONG KONG SHIPPING REGISTER IN OKPO, KOREA.
"THE REGISTRATION OF THE 151,000 DEADWEIGHT TONNE *NEW WORLD' IS BEING FINALISED AND THE NEW TANKER WILL JOIN THE HONG KONG REGISTER LATER THIS MONTH (OCTOBER), MR MILLER SAID.
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"THIS BRINGS TO A TOTAL OF 705 SHIPS ON THE HONG KONG REGISTER WITH ANOTHER 14 SHIPS WHOSE APPLICATIONS ARE BEING PROCESSED."
THE SPONSOR FOR TODAY'S NAMING CEREMONY WAS MRS CHRISTEL BRION, OF MR ALAIN BRION, DIRECTOR GENERAL OF TOTAL TRADING ВТ MOYEN-ORIENT, WHICH IS THE CHARTERER OF THE NEW SHIP.
WIFE
MR FERDINAND TSIEN, PRESIDENT OF WORLD TANKER CARRIERS CORPORATION AND MRS TSIEN, AND MR PHILIP NIU, VICE-PRESIDENT AND MRS NIU WERE PRESENT AS HOSTS.
OTHER GUESTS WERE FROM THE HONGKONG AND SHANGHAI BANKING CORPORATION, TANKER SYSTEMS CORPORATION, CONSOLIDATED MARITIME SERVICE LTD AND EXPEDO AND CO. (LONDON) LTD.
THE US$60 MILLION "NEW WORLD" IS BUILT BY DAEWOO SHIPBUILDING AND HEAVY MACHINERY LTD OF KOREA AND IS THE FIRST SHIP OF WORLD TANKER CARRIERS CORPORATION'S FLEET TO JOIN THE HONG KONG REGISTER. EXPEDO MARINE MANAGEMENT LIMITED OF HONG KONG IS THE MANAGING AGENT OF THE NEW TANKER.
IN HIS FIRST PUBLIC FUNCTION AS DIRECTOR OF MARINE, MR MILLER PRESENTED A MEMENTO TO MR TSIEN AT THE DAEWOO OKPO SHIPYARD TO WELCOME THE NEW TANKER TO THE HONG KONG REGISTRY.
MR MILLER DESCRIBED AS "MOST ENCOURAGING" THE FIRST 10 MONTHS OF OPERATION OF THE AUTONOMOUS HONG KONG SHIPPING REGISTER, ADDING THAT "THE NEW HONG KONG REGISTER REINFORCES HONG KONG'S POSITION AS ONE OF THE WORLD'S LEADING MARITIME CENTRES".
MR MILLER SAID: "IT HAS BEEN AGREED IN PRINCIPLE BY THE HONG KONG GOVERNMENT THAT HONG KONG REGISTERED OCEAN-GOING SHIPS WILL BE EXEMPT FROM PROFITS TAX ON THE CARRIAGE OF PASSENGERS AND CARGO, INCLUDING LIVESTOCK AND MAIL.
"EXEMPTION FROM PROFITS TAX ARISING FROM CHARTER HIRE OF ALL OCEAN-GOING SHIPS WILL ALSO BE GRANTED.
"LEGISLATIVE AMENDMENTS WILL BE INTRODUCED IN THE CURRENT SESSION OF THE LEGISLATIVE COUNCIL TO EFFECT THESE CHANGES."
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