The Hong Kong Cruise and Yacht Industry Association (HKCYIA) has signed a Memorandum of Understanding (MOU) with Voyager Risk Solutions to support its risk and insurance management services for super yachts, with full scale professional solutions that are expected to promote its upcoming initiatives in the development of the yacht and tourism industries in the Greater Bay Area.

The move was made in view of the rapid development of the global yacht industry and the surging demand for super yacht management services in Hong Kong.

The MOU signing ceremony, witnessed by the management of both organisations, was officiated by HKCYIA Executive Director, Kara Yeung, and Voyager’s CEO, Tommy Ho.

The agreement will further strengthen the two organisation’s developments in the yacht industry, with increased co-operations and exchanges in tourism promotions in the Greater Bay Area.

Speaking at the ceremony, Yeung said under the agreement Voyager will provide professional risk management & insurance consultation services to the HKCYIA in the opening and operation of its upcoming Super yacht Management Services Centre.

Yeung said Hong Kong has a major role to play in its capacity as a super connector in the implementation of the Belt and Road Initiative and the strategy to build the 21st century maritime Silk Road, providing the necessary support in the development of the maritime industries.

Its first in Asia Super yacht Management Services Centre will be a milestone development for the industry.