Vincent Wee

Vincent Wee

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.

Figures from ship valuation platform are suggesting that a significant change is taking place in the asset values of the global fleet with dry bulk vessels staging a strong resurgence.

Cosco Shipping Ports (CSP) had another good month in February despite the slowdown from the traditional Lunar New Year lull period. Driven by 38% growth at its overseas terminals, which have now also surpassed the Pearl River Delta cluster to become the group’s highest volume contributor, overall throughput rose 19% to 6.9m teu.

Jakarta-based shipowner and operator Asian Bulk Logistics (ABL) is looking at expanding its horizons beyond the Indonesian market to develop a global bulk shipping fleet, initially launching a programme to expand its network of operations in the Indonesian bulk shipping sector.

More progress is steadily being made in blockchain technology, with a consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization successfully testing a blockchain solution with real shipments to multiple destinations.

Niche carrier Gold Star Line (GSL) is joining the tough Intra-Asia fray and is set to expand into India, the Middle East and Africa with the introduction of a number of new services this year.

Terminal operating system provider Navis has landed a huge new client in Cosco Shipping Ports (CSP).

Rolls-Royce has secured an extensive supply order from long-time collaborator Sanmar Shipyards for propulsion and deck equipment for tugboats the Turkish shipyard is building for various customers.

Leading the charge into the future, International Association of Classification Societies (IACS) chairman and DNV GL – Maritime ceo Knut Ørbeck-Nilssen set out a vision of transformation for the organization.

The new normal in shipping is change, and this will be driven by greater intensity of data and a focus on better asset management decision making rather than just better equipment,

In the race to chase higher volumes it is often forgotten that headline numbers are not the end all and be all of the shipping business. Hong Kong-based Orient Overseas Container Line (OOCL) with its latest set of results has proven that it is able to maintain the fine balance between utilisation and revenue.

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