Part 10/11:
The mounting geopolitical tensions have resulted in significant capital flight from Hong Kong and Mainland China—over $82 billion in just one month—reminiscent of instability witnessed at the onset of past financial crises.
A Call for Change Amidst Uncertainty
With shipping companies increasingly abandoning the Hong Kong flag, the implications are apparent: a critical juncture lies ahead. According to Sam Williams, CEO of Taylor Maritime, there exists an unwritten rule to avoid registering vessels under a nation that could soon find itself at war.