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.

With one eye on industry shifts due to the changes in the key liner alliances, Malaysian port operator Westports Holdings is forecasting conservative container growth of between 1% and 5% this year, local media quoted ceo Ruben Emir Gnanalingam as saying.

With a brilliant view of the eastern approach to Victoria Harbour and an eye to future growth, Ince & Co Hong Kong officially opened their new office in One Island East in Tai Koo yesterday.

Malaysian oil and gas services player SapuraKencana Petroleum  (SapKencana) has raised approximately $1.5bn through a seven-year multi-currency financing facility, it said in a press release.

Malaysia's oil and gas (O&G) industry needs still more consolidation and preference will be given to those that invest in assets, local media quoted national oil company Petroliam Nasional (Petronas) president and chief executive Wan Zulkiflee Wan Ariffin as saying.

MMC Group's Johor Port will boost cooperation with Indonesian state-owned port operator Pelindo IV after signing a memorandum of understanding (MoU) earlier this month.

After almost two years of consecutive monthly declines throughput at the Port of Hong Kong saw a slight 3.5% rise in January increasing from a low base of 1.67m teu in January 2016 to 1.73m teu this year.

Cosco Shipping Ports started the year on a good note with overall throughput rising 7% in January to 8.38m teu from 7.83m teu in the previous corresponding period.

MISC unit Gumusut-Kakap (L) Ltd (GKL) has won its claim for increased day rates against Sabah Shell Petroleum Company Ltd.and has been awarded $254.4m by the Kuala Lumpur Regional Centre for Arbitration, the company said in a stock market announcement.

The better oil price environment seems to already be having a positive impact on some companies, with Brightoil Petroleum releasing a positive profit alert.

A combination of bad weather and road blockages along with a recent rises in coal demand from China has led to bad congestion at Kalimantan ports and disruption of coal supplies, Reuters reported.

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