Lee Hong Liang
Lee Hong Liang has joined Seatrade as its Asia Correspondent. Based in Singapore, he will provide a significant boost to daily coverage of the Asian shipping markets, as well as bring with him an indepth, specialist knowledge of the bunkering markets.
Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and the ability to write hard news and feature stories.
The Hong Kong Seaport Alliance has been set in motion this month with an aim of maximising operational efficiencies in Hong Kong’s Kwai Tsing port, even though the new alliance has not received regulatory clearance from the Competition Commission of Hong Kong.
Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.
The introduction of digitalisation to the shipping sector will not reinvent the industry, but it is needed to increase efficiency according to logistics software solutions firm Singular Point.
Mitsui OSK Lines (MOL) has entered into an agreement to co-own six very large ethane carriers (VLECs) with Reliance Ethane Holding, wholly-owned by Reliance Industries.
Physical bunker supplier Peninsula Petroleum has boosted its overall liquidity by $150m after renewing its European receivables finance facility.
South Korean carrier Hyundai Merchant Marine (HMM) announced that it will expand its cooperation with Russia’s Fesco on an existing service between China, Korea and Russia.
Malaysia’s Bumi Armada has refinanced $660m of its short-term corporate debts to improve its balance sheet and is looking to dispose of some assets to free up cash.
Singapore Technologies Engineering (ST Engineering) has clinched a contract from the US Department of the Navy to build an icebreaker vessel worth approximately $746m.