Manager of Hong Kong & Kowloon Ferry, Nelson Ng Siu-yuen, says his company is still considering the updated tender.
High fuel prices, low profit margins discourage companies
Anita Lam
Updated on Mar 21, 2008
A fresh tender on the four ferry routes to outlying islands has aroused little interest among small ferry operators, despite government efforts to encourage more competition.
At least five of the 11 ferry operators said yesterday that they would not bid for the four routes between Central and Mui Wo, Peng Chau, Sok Kwu Wan and Yung Shue Wan because of high fuel prices and low profit margins.
Two kaito ferry service operators that the industry had believed were potential bidders also ruled out the option for similar reasons.
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