Saturday, March 3, 2012

Alliances can lift efficiency.

Rival port operators in the Asia-Pacific region can improve productivity by cooperating with their competitors, according to Hong Kong Port and Maritime Board chairman Mr Peter Thompson.

Although competition within the industry was inevitable, Mr Thompson said internal and external cooperation was essential.

"... Cooperation is the best way forward," he said.

As Hong Kong's port is privately owned and operated, Mr Thompson said internal competition drove operators to improve efficiency and quality of service.

Internal competition was also a way to cope with constantly changing cargo and shipping patterns, he said.

"It is through …

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