"The Hong Kong Shipping Register has continued to attract top quality tonnage, as evidenced by the growing gross tonnage in the last few years, from 6.3 million in 1999 to the present level of 14.5 million. We expect the Register to cross the 15 million mark by the end of this year," Ms Lee said.

Substantial reduction in registration and annual tonnage fee, by 85 per cent and 45 per cent respectively; 24-hour hotline for enquiry of shipping-related matters; a one-stop-shop service for registration of vessels; and free Flat State Quality Control inspections by well-qualified surveyors all contributed to the success of the HKSR.

Together with arrangements for the avoidance of double taxation on shipping with seven major trading partners and a "preferential port dues" agreement with Mainland China to reduce tax burden of shipowners, Hong Kong's status as an international maritime centre was further consolidated, Ms Lee added.

Echoing Ms Lee's remarks, Sir Gordon pointed out that Hong Kong  with  its good knowledge of

and well-established ties with Mainland China as well as comprehensive shipping services, was the maritime communities' premier choice of maritime partner in Asia.

Sir Gordon noted that the low labour cost and improved technology in Mainland China had contributed to the building of high quality ships at reduced costs. The Hong Kong shipping companies, with a good knowledge    of     Chinese     ship

building market, could advise shipowners to make cost-effective decisions on new buildings.

During the visit, the Hong Kong delegation also met the Greek Minister of Mercantile Marine, Mr George Anomeritis, to exchange views on maritime matters and to discuss how Hong Kong and Greece could have closer links on shipping issues.