Lee Hong Liang
Lee Hong Liang
Asia Correspondent, Seatrade Maritime
Singapore-based Lee Hong Liang is the chief China correspondent for Seatrade. Hong Liang covers the shipping markets across Asia with a strong focus on the key China market for Seatrade Maritime utilising his Chinese language skills.
Hong Liang has indepth, specialist knowledge of the marine fuel industry as well as green shipping and the renewable energy sectors. Prior to joining Seatrade at the start of 2011 he worked for renewable energy publication ReCharge and marine fuels news service Bunkerworld.
Samsung Heavy Industries (SHI) has developed an in-house LNG regasification system for LNG-FSRU, claiming that the system is able to minimise corrosion from sea water and reap higher energy effciency.
Cosco Shipping Development Co (CSDC) has entered into a multi-partnership agreement to look into investment opportunities in the logistics industry, capitalising on China’s One Belt One Road initiative.
Malaysia’s shipbuilding and repair yard Shin Yang Shipping Corp has filed a lawsuit against Indonesia’s Gemilang Raya Maritime (GRM) for MYR6m ($1.5m) relating to the sale of four units of tugs and barges.
France’s container carrier CMA CGM has inked a seven-year partnership with IT consulting firm Infosys to simplify and transform the shipowner’s IT applications.
Technology group Wartsila has introduced a new portfolio of hybrid-powered, environmentally-friendly tugs branded as the Wartsila HYTug series.
Chinese yards have recorded 15.85m dwt in new order tonnage for the January to August 2017 period, representing a 11.3% year-on-year drop as shipowners’ appetite for newbuildings remained lacklustre amid the oversupply of ships.
Malaysia’s Nam Cheong is proceeding to dispose of its corporate office property in Singapore so as to pay off an outstanding amount for the mortgage, in light of the company’s ongoing discussions on a proposed debt restructuring.
Yangzijiang Shipbuilding has disposed of its entire stake in a warehousing subsidiary in China so as to streamline the structure of the group and to control the overall administrative expenses.