XN000022-1994-02-16 — Page 5

WEDNESDAY, FEBRUARY 16, 1994

* THE IMPACT OF CHARGES ON PORT ACTIVITY LEVELS AND MIX;

* PORT USER'S VIEWS ON THE PROBLEMS AFFECTING HONG KONG'S PORT;

AND

* THE IMPLICATIONS FOR PORT DEVELOPMENT IN HONG KONG.

THE STUDY FOUND THAT THE RELOCATION OF HONG KONG INDUSTRY ΤΟ SOUTHERN CHINA HAS CREATED NEW CARGO MOVEMENT PATTERNS. HONG KONG IMPORTS GOODS AND RE-EXPORTS THEM TO SOUTHERN CHINA FOR PROCESSING OR CONSUMPTION.

MANUFACTURED GOODS FROM GUANGDONG ARE EXPORTED THROUGH HONG KONG, MAINLY TO NORTH AMERICAN AND EUROPEAN MARKETS. THE STUDY FOUND THAT MOST OUTWARD CONTAINERISED CARGO GOING THROUGH HONG KONG ORIGINATES IN GUANGDONG.

THE REVIEW CONCLUDED THAT HONG KONG WOULD MAINTAIN ITS POSITION AS THE PREMIER HUB PORT IN SOUTHERN CHINA IN THE SHORT TO MEDIUM TERM. A SURVEY OF SHIPPING LINES SHOWED THAT NONE WAS A MAJOR SHIFT OF SERVICES AWAY FROM HONG KONG.

SURVEYING PORT DEVELOPMENT IN SOUTHERN CHINA, THE SAID OVER THE NEXT FIVE TO 10 YEARS THESE DEVELOPMENTS COMPLEMENTARY TO HONG KONG.

PLANNING

FORECASTS WOULD BE

THEY ARE UNLIKELY TO HAVE ADEQUATE MARITIME SUPPORT SERVICES NOR OTHER ANCILLARY SERVICES AVAILABLE IN HONG KONG.

THE REPORT SAID ADDITIONAL SHIPPING IN THE AREA GENERATED BY SOUTHERN CHINA PORT DEVELOPMENT WOULD HELP THE DEVELOPMENT OF FEEDER SERVICES TO AND FROM HONG KONG.

MORE

HONG

AS CHINESE PORT INCREASE, IMPROVE AND EXPAND INTERNATIONAL LINES WILL USE THEM. RATHER THAN TAKING TRADE FROM KONG THE PORT WOULD DEAL WITH THE OVERSPILL AS CHINA'S TRADE INCREASES MASSIVELY.

HONG KONG'S PORT CARGO THROUGHPUT WOULD CONTINUE TO GROW, BUT AT A DECREASING RATE.

"HK '94" STAMP EXHIBITION OPENING CEREMONY

THE "HONG KONG '94" STAMP EXHIBITION OPENING CEREMONY WILL BE HELD AT THE CONCOURSE. SEVENTH FLOOR, HONG KONG CONVENTION AND EXHIBITION CENTRE, AT 10 AM ON FRIDAY (FEBRUARY 18). FINANCIAL SECRETARY AND PATRON OF THE HONG KONG '94 STAMP EXHIBITION, SIR HAMISH MACLEOD, WILL OFFICIATE AT THE CEREMONY.

YOU ARE INVITED TO COVER THE EVENT. PRESS REPRESENTATIVES REQUESTED TO ASSEMBLE AT ROOM 609, SIXTH FLOOR, CONVENTION EXHIBITION CENTRE BEFORE 9.45 AM. SPECIAL PERMITS WILL BE ISSUED.

A PROGRAMME FOR THE CEREMONY WILL BE FAXED.

ARE

AND

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