Philip Yung News

HK & Taiwan Launch Cruise Line Subsidy Fund

The fund, which will take effect on April 1st, 2014, and run for three years, will be made up of contributions from participating ports and used to subsidize cruise companies to develop and market their cruise products. A major requirement is that cruise lines must deploy vessels to at least two participating ports or territories in a single itinerary. HKTB Executive Director Anthony Lau said, "The launch of the fund marks a significant step towards regional cruise co-operation…