Secretary for Economic Development & Labour Stephen Ip says the Government will introduce a six-month Annual Tonnage Charge waiver for registered vessels.

Addressing the Maritime Industry Council Dinner today, Mr Ip said the move will encourage long-term and stable registration

The Government will reduce licence fees for local vessels, port fees and charges for river-trade and ocean-going vessels, and anchorage dues.

It will establish more service anchorages to increase mid-stream cargo handling capacity.