South Korean shipping company Cido Shipping has moved its headquarters to Hong Kong to enable it to benefit from Hong Kong's leading position as an international shipping hub.

Speaking at the opening ceremony of the new headquarters, President of Cido Shipping (HK) Co. Ltd. Hyuk Kwon says the company is excited about this strategic move.

The relocation will allow the company to have easier access to professional shipping-related services, including ship finance and ship management, he added.

Mr Kwon said the Hong Kong headquarters will also be responsible for co-ordinating businesses with the company's other operations in the region, including its ship-management companies in Tokyo and Seoul.