Vincent Wee

Vincent Wee

Hong Kong and SE Asia Correspondent, Seatrade Maritime News

Vincent Wee is Seatrade's Hong Kong correspondent 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 writing is on the charts and it doesn't look good for the dry bulk market. Newbuild ordering in just the two and a half months or so of the second half of the year is already almost double the figure for the entire first half of 2017.

Hong Kong's Hutchison is about to be hit elsewhere in the group, as disgruntled workers at its Jakarta International Container Terminal (JICT) unit threaten to hit its Watsons chain of health and beauty shops.

Malaysian firm Daya Materials has exited its ill-fated offshore subsea business after completing the sale of its main asset Daya Global 1 to Siem OCV for $100m.

Malaysian authorities have come down hard on the hijacking gang took a Thai-flagged tanker earlier this month.

Intermodal logistics between the main Luzon ports might be boosted with a proposal to link Manila to Batangas, at the southern end of the Philippines' main island.

Budding Malaysian bunker player Straits Inter Logistics has won its first bunker supply contract after announcing its entry into the market at the end of last year.

The Port of Hong Kong saw an unexpected drop in August throughput, with volumes falling 2% to 1.76m teu. This is the first monthly fall since January, and the port had been registering good gains all through the year as it seemed to recover from last year's slump.

Highlighting the importance the new Hong Kong administration is placing on the maritime industry, HKInvest head of transportation and industrial Benjamin Wong said it was a good gesture for the new Transport and Housing Secretary Frank Chan to make the trip specially for the signing of the Memorandum of Understanding (MoU) with Maritime London.

Cosco Shipping Ports (CSP) continued with its strong pace of growth in August, with overall throughput going up 13% to 7.7m teu from 6.8m teu in the previous corresponding period.

Ties between the UAE and Hong Kong are set to grow after discussions between DP World and top government leaders this week.

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