Exit Superman: the shipping industry will be much poorer as it waves goodbye to one of its most colourful and powerful investors. Li Ka-shing has handed over chairmanship of his CK Hutchison Holdings and other key businesses to his eldest son, Victor.

It is a cliche to talk about the end of an era, but at one stage Li was not just the largest dock operator in the world, he was a key figure in turning Hong Kong into a global base for entrepreneurial capitalism.