The shipping industry has continued its adjustment in the wake of the 2008 financial crisis, the attendant global economic slowdown and lingering overcapacity. While short-term outlook appears dim, long-term outlook remains sanguine with seaborne trade expected to double by 2030. As a maritime services centre, Hong Kong needs to reinforce its offerings despite the downturn, and seize fresh business opportunities amid global industry consolidation and as a result of the Belt and Road Initiative.
More
