Star Ferry faces proposed 30 percent fare hike in Hong Kong

Hong Kong transport officials are evaluating a proposed 30 percent fare increase for the Star Ferry, a 138-year-old maritime service. The Transport Advisory Committee is attempting to balance the financial solvency of the operator with the affordability of the service for daily commuters.

The ferry operator reported losses exceeding HK$100 million between 2018 and 2023. These financial difficulties are attributed to rising fuel costs, increased staff expenses, interest payments on debt, and significant maintenance requirements. Specifically, the company plans to replace vessel engines in the latter half of this year, with costs estimated at over HK$10 million per ship.

Under the proposal submitted to the legislature, adult single weekday fares would rise from HK$5 to HK$6.50. Weekend and public holiday fares would increase from HK$6.50 to HK$8.50. Committee chair Wong Sze-chun emphasized that while ensuring the continuation of this vital municipal asset is essential, the public’s level of acceptance regarding the hike remains a primary consideration.