Hong Kong is taking significant steps to enhance its maritime and port infrastructure. The government has unveiled plans to inject substantial financial support into improving data flow within the maritime sector. A key initiative involves allocating HK$215 million for the installation of a port community system, which aims to streamline information exchange among various stakeholders. This move is expected to significantly boost operational efficiency and connectivity. Additionally, authorities have announced their intention to seek funding approval from the Legislative Council this year to implement these enhancements.

The development of modern logistics clusters is another crucial focus area. The government has initiated a comprehensive study on the optimal development model for logistics sites, particularly around the Kwai Tsing Container Terminals. The findings from this research are anticipated to be released later this year, guiding future investments and site allocations. Furthermore, the establishment of the Maritime and Port Development Board signals a commitment to fostering sustainable growth in the international maritime hub. This board will concentrate on advancing research, promotion, and workforce training to ensure long-term prosperity in the sector.

To further stimulate the maritime industry, Hong Kong is introducing favorable tax measures. New policies include tax deductions for ship acquisition costs under operating leases, benefiting ship lessors. Moreover, the government proposes a half-rate tax concession for eligible commodity traders, aimed at driving the expansion of maritime services. Legislation supporting these tax incentives is set to be introduced to the Legislative Council in the first half of next year. These initiatives underscore Hong Kong's dedication to maintaining its position as a leading global maritime center while promoting economic growth and sustainability.