OK, that's maybe because some architectural changes happens in 5.5 release ...
Again I delved into your sms.log and found additional errors which leads me to this KBs:
VMware KB: Hardware Status tab error: No new host data available. Data will be updated in 5 minutes
So try to apply them.
Regards,
P.
Caused by: java.net.ConnectException: Connection refused: connect
at java.net.PlainSocketImpl.socketConnect(Native Method)
at java.net.PlainSocketImpl.doConnect(Unknown Source)
at java.net.PlainSocketImpl.connectToAddress(Unknown Source)
at java.net.PlainSocketImpl.connect(Unknown Source)
at java.net.SocksSocketImpl.connect(Unknown Source)
at java.net.Socket.connect(Unknown Source)
at com.sun.net.ssl.internal.ssl.SSLSocketImpl.connect(Unknown Source)
at org.apache.http.conn.ssl.SSLSocketFactory.connectSocket(SSLSocketFactory.java:333)
at org.apache.http.impl.conn.DefaultClientConnectionOperator.openConnection(DefaultClientConnectionOperator.java:123)
2013-12-13 11:45:43,070 [Thread-16] INFO com.vmware.vim.sms.StorageManagerImpl - Retry #2 in 30 seconds
2013-12-13 11:46:12,037 [Thread-15] DEBUG com.vmware.vim.sms.ServiceImpl - Initializing service...
2013-12-13 11:46:12,037 [Thread-15] INFO com.vmware.vim.sms.HealthAgentImpl - Changing health status from INIT_FAILED to INIT_IN_PROGRESS
2013-12-13 11:46:12,037 [Thread-15] DEBUG com.vmware.vim.sms.HealthAgentImpl - Publishing service health information
2013-12-13 11:46:12,037 [Thread-15] DEBUG com.vmware.vim.storage.common.util.VpxdConnection - Creating client for VC server at https://localhost:8089/sdk
2013-12-13 11:46:13,067 [Thread-15] ERROR com.vmware.vim.storage.common.util.VpxdConnection - Failed to initialize VpxdConnection
com.vmware.vim.vmomi.client.exception.ConnectionException: org.apache.http.conn.HttpHostConnectException: Connection to https://localhost:8089 refused
2013-12-13 11:45:10,110 [localhost-startStop-1] DEBUG com.vmware.vim.sms.util.Crypt - private key format: ASN1Sequence
2013-12-13 11:45:10,173 [localhost-startStop-1] INFO org.springframework.web.context.ContextLoader - Root WebApplicationContext: initialization completed in 5631 ms
2013-12-13 11:45:11,015 [Thread-15] ERROR com.vmware.vim.storage.common.util.VpxdConnection - Failed to initialize VpxdConnection
com.vmware.vim.vmomi.client.exception.ConnectionException: org.apache.http.conn.HttpHostConnectException: Connection to https://localhost:8089 refused