Hong Kong Lags Behind Singapore In Logistics, Study Finds

Monday, July 10, 2000
Despite having the world's largest and most advanced air cargo facilities and one of the busiest container ports, Hong Kong lags behind Singapore in providing sophisticated third party logistics (3PL) services, a study says.

The study, "Economic Impacts of Logistics Center Development in Hong Kong", urged the Hong Kong government to help the private sector in developing Hong Kong's logistics industry to catch up with logistics hubs in the region.

The study said an investment of $603 million per year over five years to develop 3PL services would be necessary for Hong Kong to catch up with hubs such as Singapore. The Singapore government actively supported the logistics industry with land premium concessions, research and development subsidies and by providing relevant education and job training programs, the study said.

It added that Hong Kong, as a regional transport hub close to thriving south China, has a clear advantage in developing its logistics industry by capitalizing on its developed infrastructure, modern airport and seaport facilities.

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0963 sec (10 req/sec)