Hong Kong Shipping Register (HKSR) is an autonomous register under Article 125 of the Basic Law. Ranked the fourth in the world, HKSR crossed the 100 million gross tonnage mark in 2015.
HKSR offers the most competitive package, complemented by a simple and speedy registration / deregistration process. The HKSR is operated by the Government of the Hong Kong SAR through the Marine Department which has over 150 years of experience in ship registration, inspection and survey. In a nutshell, HKSR has the following advantages:
- readily available technical support and advice by highly qualified and responsive professional staff;
- one of the lowest tax regimes in the world;
- no profits tax levied on overseas trade;
- double taxation relief arrangement with major trading partners;
- no nationality restriction on manning;
- excellent ship management, financial, communication, legal and other support facilities.
The HKSR has an excellent reputation as a register that maintains a high quality. Hong Kong registered ships are among the best performers in the world in terms of Port State Control detention rates Note 1.
According to the Port State Control (PSC) detention rates (as at 15.12.2017) compiled by Bookmark to the respective paragraph. No bookmark for this item No bookmark for this item Marine Department based on inspection records from various PSC regimes, including Tokyo MOU, Paris MOU, Indian Ocean MOU, Black Sea MOU, Viña del Mar MOU, Abuja MOU, Mediterranean MOU, Caribbean MOU, Riyadh MOU and United States Coast Guard, Hong Kong registered vessels had a detention rate of 0.85% against a world average of 3.09% in 2016.