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.
Fresh from successfully starting operations at its terminal at Saqr Port in Ras Al Khaimah earlier this week, Hutchison Ports has been awarded a concession to operate Ahmed Bin Rashid Port in Umm Al Quwain (UAQ), a northern United Arab Emirates emirate, just to the south of Ras Al Khaimah.
Good revenue flows from some of its overseas terminals helped Philippines-based port operator International Container Terminal Services Inc (ICTSI) to a 5% rise in net profit for the first nine months to $149.3m from $141.9m previously.
Indonesian state-owned line Pelni will spend IDR500bn ($37m) on purchasing six secondhand feeder container vessels in support of President Joko Widodo's maritime highway scheme.
Hutchison Ports announced that its Hutchison Ports RAK terminal at Saqr Port in the northern United Arab Emirates emirate of Ras Al Khaimah (RAK), has officially commenced operations.
Cosco Shipping Ports (CSP) has signed an agreement to lease a container freight station from Abu Dhabi Ports Company, the owner and operator of ports in Abu Dhabi, the company said.