Most overseas galleries were able to attend Hong Kong’s two annual art fairs, part of the much-anticipated Art March celebration, despite the conflict in the Middle East, though questions remain over how participants and artworks will leave the city as air travel continues to face heavy disruption. Organisers and logistics suppliers told the South China…
The war in Iran, culminating in the de facto closure of the Strait of Hormuz, has again exposed the world’s energy and maritime sector to acute vulnerabilities. The spike in oil prices and surging freight rates may grab headlines, but beneath these shocks lie fundamental questions about Asia’s – and Hong Kong’s – energy security,…
The conflict in Iran could raise cargo transport costs from Asia to Europe by at least 10 per cent, according to Hong Kong sector representatives, as major shipping companies suspended bookings to and from the Middle East or imposed significant war-risk surcharges. Lawmaker Tommy Chung Ki-fung, who represents the import and export constituency, explained on…