The 5 shipping companies awarded for the “Best Performing Ship Management Company in Tokyo & Paris MOUs Port State Control Inspection” Award 2008

1st.	COSCO (H.K.) Shipping Co., Ltd.
2nd.	Anglo-Eastern Ship Management Ltd.
3rd.	Pacific Basin Shipping (HK) Ltd.
4th.	Orient Overseas Container Line Ltd.
5th.	Fleet Management Ltd.

"Introduction"

At the Marine Department and Hong Kong Shipowners Association annual joint lunch held on 4 March 2008, the best five ship management companies in respect of their performance under the Tokyo and Paris MOUs Port State Control Inspection regimes were presented with awards. The awards were presented in recognition to the management companies that had managed their vessels well and were able to maintain the quality of their vessels in excellent conditions during the last three years.

"Selection"

The selection for the award is based on the two criteria below :

The average deficiencies per PSC inspection of all Hong Kong registered ships managed by a company must be less than or equal to 2 during the past 3 years; and

The top five ship management companies with the most number of post State control inspections with zero deficiency are then selected for the award.

Note : The average number of deficiencies per inspection for the Hong Kong fleet during the past 3 years is 2 deficiencies per inspection. The assessment covers more than 6,000 inspection records of Hong Kong registered ships from the world’s two biggest PSC regimes, the Tokyo and the Paris MOU, for a 3-year period from 1 November 2004 to 31 October 2007. Ships without any PSC inspection records are not included in the assessment.

Hong Kong Shipping Registry
March 2008