Asia Editor, Seatrade Maritime News
Vincent Wee is Seatrade's Asia Editor based in Hong Kong covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.
Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.
The global sulphur cap is starting to look like an opportunity for the shipping market to finally push through some reasonable freight rate increases, judging from the undercurrents at the Ince & Co business briefing on IMO regulation that kicks in on 1 January 2020.
UAE-based Gulftainer has finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.
Bernhard Schulte Shipmanagement (BSM) is preparing for future opportunities and has set up a new business unit to focus on the oil and gas (O&G) and offshore energy renewables markets.
Keeping up with the latest technological advances, the Port of Barcelona has unveiled PierNext, a digital knowledge hub set up to provide information on the innovative initiatives that are transforming the world of logistics, transport and ports internationally.
Throughput at the Port of Hong Kong fell again in August for the seventh month in a row to 1.64m teu, 4.3% lower than the 1.72m teu moved in the previous corresponding period.
Contecon Guayaquil SA (CGSA), the Ecuadorian unit of International Container Terminal Services Inc (ICTSI), has moved beyond just its core operations of moving goods through the port, and has also taken the lead in uniting stakeholders throughout the supply chain of Ecuador’s key commodities exporters.
Cosco Shipping Ports (CSP) saw overall throughput rise 12% in August to 8.7m teu from 7.7m teu previously led by good gains in the northern ports, with the Bohai Rim region growing 22% to 1.8m teu.
Leading ship registry the Republic of the Marshall Islands (RMI) Registry is doing its part to encourage green shipping with the signing of an agreement with voluntary international certification scheme Green Award where the flag will give a 30% discount on the annual marine services fee for Green Award-certified ships.
Japanese firms Mitsui OSK Lines (MOL) and Marubeni Corporation are moving quickly forward with the development of liquefied natural gas (LNG) transshipment terminals in the Far East with the signing of a business cooperation agreement with recently formed business advisory group Japanese Project Promotion Vehicle in the Far East (JPPV).
The fuel contamination issue continues to be a problem and perhaps in tacit recognition that it is not going away soon, Norwegian P&I Club Gard has put out some practical recommendations to help members deal with the issue.