A government-funded initiative is aiming to grow the shipowning sector in a part of China known more for its powerful export-focused industry than for shipping entrepreneurship.

The Equator Fund Management-run Shenzhen Shipping Fund aims to bolster shipowning in the Pearl River Delta. That is where Beijing means to integrate as a single exporting and maritime-focused megalopolis, integrating the historically separate economy of Hong Kong with those of Shenzhen, Guangzhou and neighbouring cities.