Hongkong and Yaumati Ferry

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The Hongkong and Yaumati Ferry Co. Ltd.
Public (SEHK: 0050)
Industry Transport
Founded 1897
Headquarters Tsing Yi, Hong Kong
Key people
Colin Lam Ko Yin, Chairman
Dr David Ho, General Manager
Products Ferry, Property
Revenue HKD 764m (2005)
HKD 243m
Number of employees
400
Website http://www.hkf.com/
Footnotes / references
Associate of Henderson Land Development

The Hongkong and Yaumati Ferry Company Limited (Chinese: 香港油蔴地小輪有限公司), HYF, is a ferry company founded in 1897 in Hong Kong. It is commonly known as Yaumati Ferry (油蔴地小輪). After restructuring the company in 1989, it became a subsidiary of Hong Kong Ferry (Holdings) Company Limited (香港小輪(集團)有限公司).

The company extended its business from ferry into property development and investment, shipyard, travel and hotel, with 400 staff.

History[edit]

The original company was founded by a Chinese business man named Lau Tak Po in 1897 during the Colonial Hong Kong era. At the time he purchased 5 wooden boats and provided services exclusively to Kowloon under the company name "Yaumati Ferry".[1]

In 1924 Yaumati Ferry obtained the franchise license for the rights to the transportation route, blocking off competition from Star Ferry company. As a result, the Yaumati Ferry company became the largest Chinese-owned company in the world at that point in time, profiting from the transportation demand of Kowloon expansion.

The company later became "Hong Kong and Yaumati Ferry". This included the vehicular ferry which served to transport motor vehicles across Victoria Harbour for many years (1933 to 1998) prior to the opening of the Cross Harbour Tunnel, Eastern Harbour Tunnel and Western Harbour Tunnel in 1972, 1989 and 1997. The company decided to give up the ferry licenses in 1999, and these licenses were transferred to the New World First Ferry on 15 January 2000.

Ownership and control[edit]

YaumatiFerryHK.jpg

According to official documents, Henderson Investment Ltd. is the company's largest shareholder, beneficially owning 31.33% of the share capital of the Company as at 31 December 2005. Henderson chairman Dr. Lee Shau Kee and Vice Chairman Colin Lam are also Directors of the Company.

End of ferry service[edit]

Although it gave up its franchised ferry licences in 2000, the company retained the Dangerous Goods Vehicular Ferry Service routes between North Point, Kwun Tong, and Mui Wo, as these vehicles are not allowed to go through any one of the three cross harbour tunnels, while Mui Wo is situated on Lantau Island.

Fleet[edit]

HY Ferry Fleet
Name Type Seats Builder Year Built Notes
Man On Double deck car ferry Hong Kong Shipyard 1981
Man Lok Double deck car ferry Hong Kong Shipyard 1982 Converted to nightclub on upper deck
Man Foo Double deck car ferry Hong Kong Shipyard 1982 Converted to nightclub on upper deck
Man Kim Double deck car ferry 1982 Converted to nightclub on upper deck
Man Kai Double deck car ferry Hong Kong Shipyard 1986
Man Keung Tugboat
Man Lai Double deck ferry 364 Hong Kong Shipyard 1970 retired
Man Wo Double deck ferry 532 Hong Kong Shipyard 1980 retired
Man Hei Double deck ferry 436 Built Choey Lee Shipyard 1981 retired
Xin Zhong Double deck ferry 676 Hong Kong Shipyard 1982 ex-Man Chung; sold to NWFF
Xin Ying Double deck ferry 673 - now 604 Hong Kong Shipyard 1982 ex-Man Ying; sold to NWFF
Man Heen Double deck ferry 671 - now 650 Hong Kong Shipyard 1982
Xin Jie Double deck ferry 671 - now 666 Hong Kong Shipyard 1983 ex-Man Kit; sold to NWFF
Xin Xing Triple deck ferry 1298 Constructed by Hong Kong Shipyard 1981 ex-Man Hing; sold to NWFF
Xin Fa Triple deck ferry 1298 Constructed by Hong Kong Shipyard 1981 ex-Man Fat; sold to NWFF
Xin Chao Triple deck ferry 1728 Constructed by Hong Kong Shipyard 1983 ex-Man Chiu; sold to NWFF
Xin Guang Triple deck ferry 1505 Constructed by Hong Kong Shipyard 1985 ex-Man Kwong; sold to NWFF
Xin Fei Triple deck ferry 1582 Constructed by Hong Kong Shipyard 1986 ex-Man Fee; sold to NWFF
Xin Guo Triple deck ferry 1582 Constructed by Hong Kong Shipyard 1988 ex-Man Kwok; sold to NWFF
Aquan One Double hull Catamaran 208 Constructed by Afai Shipyard 1997
Aquan Two Double hull Catamaran 230 Constructed by Afai Shipyard 1999
HKF I Waterjet Catamaran 433 Constructed by Kvaerner Fjellstrand Shipyard 1993
HKF III Type: Waterjet Catamaran 433 Constructed by Kvaerner Fjellstrand Shipyard 1994

Source Gary Photo Collections and 油蔴地小輪

Business Segments[edit]

For the 2005 calendar year, approximately 58% of its revenues were derived from property development projects, while Ferries and Hotels accounted for some 18% and 20% of revenues respectively.

References[edit]

  1. ^ Wiltshire, Trea. [First published 1987] (republished & reduced2003). Old Hong Kong - Volume One. Central, Hong Kong: Text Form Asia books Ltd. Page 71. ISBN Volume One 962-7283-59-2

External links[edit]