Frank Tsao Wen King, founder of International Maritime Carriers (IMC), has died in Singapore at 94 after a long retirement.

The shipowner was head of one of the founding exile Chinese families who fled Communism to form the postwar Hong Kong shipowning elite.

Along with the Sohmen-Pao family, the Tsaos were one of the two most prominent clans to uproot themselves again around the handover of Hong Kong to China in 1997.