ShareJunction - Member Posts

x 0

x 1

just wait for another week breake $.90 and up up

x 0

1 July 2013 COSCO new chairman Ma Zehua more conservative forecast of the industry

　 COSCO Group announced Zehua successor as chairman the personnel changes not involving listed companies

There had been rumors that the retired Wei Jiafu, Chairman of COSCO Group yesterday officially retired. COSCO Group announced last night, because of their age, ceased Wei Jiafu, Chairman of COSCO Group, COSCO Group General Manager Ma Zehua incumbent took over as chairman. The personnel changes not involving listed companies.

Prior to the financial crisis China COSCO performance loss since whirlpool, practitioners 36 years, has reached the 63-year-old Wei Jiafu also because of various performance-related remarks repeatedly become the focus of outside attention.

　　 Cosco said retired because of age

COSCO Group in Ocean Plaza yesterday held a middle management staff meeting, Vice Minister of the Central Organization Department Wangjing Qing announced at the meeting, according to the CPC Central Committee and State Council decided, because of their age, Wei Jiafu, Chairman of COSCO Group ceased, party secretary positions Zehua of COSCO Group chairman and party secretary, which is far removed from the Group General Manager duties Yunpeng director of COSCO Group, and general manager.

This " due to his age," the departure of the outside world is also expected. In accordance with the provisions of the Central Organization Department and the SASAC, the central enterprises deputy ministerial level managers retirement age is 60, special circumstances may be extended to 63 years.

Previously listed due to offshore platforms China COSCO Group's results of burned this year by the Shanghai Stock Exchange ST, Wei Jiafu, this year there have been rumors of the resignation.

COSCO Group, a collection of 90% of business of listed companies in the past two years China COSCO consecutive losses, loss of 10.449 billion yuan in 2011, 2012 loss of 9.559 billion yuan.

When will retire for Wei Jiafu, chairman of listed companies, listed companies have to wait until the next shareholders' meeting. China Ocean insiders told reporters yesterday, and now judge this time " does not make sense."

　　 COSCO Zehua origin

COSCO Group also denied the announcement after the market on the " possible to the ocean from the ministries airborne Management Group" argument.

Zehua previously was general manager of COSCO Group, has served as COSCO Shipping Department, the British company, Americas, COSCO Guangzhou and many other jobs have been transferred midway China Shipping Group.

General Manager of COSCO COSCO candidate Li Yunpeng also worked for many years, was a Cosco seamen.

Zehua is also the vice chairman of China COSCO listed companies. Previously he has attended China COSCO results conference in 2012 at a conference, he cited the analogy Wei Jiafu said China COSCO at least not in the " five o'clock to sell fish."

Compared with Wei Jiafu Zehua, in answer to question the tone is more modest, the industry is also more conservative forecast. 2011 served as general manager of COSCO, he said that the shipping industry is facing a serious imbalance between supply and other difficulties.

COSCO Zehua multiple departments internally also worked for many years experience, had also been the chairman of COSCO internal promising successor candidates.

But compared with Wei Jiafu helm of Cosco years, Ma Zehua this year has been 60 years, if no other factors, and its chairman is up to serve until 2016, the outside world might have been expected when the Cosco through difficult phases.

Capital markets, * ST ocean out in the last week to close yesterday after five Lianyin red, edged up 1.33%, to close at 3.05 yuan.

x 0

新 " 船长 " 马泽华 :扭亏为盈仍是中远今年首要目标

7月 1日，中远集团对外公布高层变动消息，马泽华将接替魏家福任中远集团董事长、党组书记，李云鹏任中远集团董事、总经理。按照惯例，中远集团的董事长将兼任 *ST远洋董事长的职位。

　　在上下半年的时间节点上，中远集团正式换帅，不禁令市场对中远全年业绩多了几分猜想。中远内部人士称，新任董事长应该会继续将今年扭亏为盈的目标贯彻下去。

　　 “刚中柔外 ”马泽华

　　根据党中央、国务院决定，因年龄原因，魏家福不再担任中远集团董事长、党组书记职务；马泽华任中远集团董事长、党组书记，免去其中远集团总经理职务；李云鹏任中远集团董事、总经理。

　　马泽华也是一位老中远人，公开资料显示，马泽华毕业于上海海运学院国际法学专业； 2011年起任中远集团董事、总经理、党组副书记；历任中远集团航运处副处长、航运部副经理，中远集团副总裁，中远散货运输（集团）有限公司董事长等职。

　　 “马泽华是一个比较务实的人。他表面上并不张扬，很儒雅，但是做决定非常果断，做事情也非常有决心。 ”一位熟悉马泽华的人士告诉中国证券报记者， “如果用一个词来形容他，那就是刚中柔外。 ”

　　事实上，作为一个具有 30多年海内外航运企业经营管理和运营经验的老管理者，马泽华被行业内认为是资深的国际航运专家。

　　 “此次换帅，中组部并未从外部选调一位领导，而是从中远内部直接选拔，说明中远的人员培养机制是值得认可的。此外，从内部选拔，有利于中远的平稳过渡。 ”上述人士告诉中国证券报记者。

　　 “扭亏为盈 ”目标

　　面对已经连续两年亏损的中国远洋，马泽华的上任令市场颇多期待。 “今年以来，实现中国远洋扭亏为盈的方案我们一直在做，公司也非常重视上市公司这个平台，新任董事长应该会继续将今年扭亏为盈这个目标贯彻下去。 ”一位中国远洋的内部人士告诉中国证券报记者。

　　事实上，在担任中远集团总裁后，马泽华的理念已经有所显现，强调解困还需立足于自身，依靠成本控制和稳健经营来扭转困境。

　　在中国远洋的一次业绩说明会上，马泽华公开表示， 2013年公司将努力争取航运业务的减亏或扭亏，集装箱航运将根据市场情况，合理调整航线结构，优化产品设计；加强市场营销，巩固货源基础，努力稳定并恢复运价。同时，进一步加大成本控制力度，特别是做好燃油成本的控制。干散货航运要实现大幅减亏目标，确保企业生存。

　　今年以来，为了实现 “扭亏为盈 ”的目标， *ST远洋在上半年作了资产处理，先后售出旗下中远物流 100%股权和旗下子公司持有的中集集团股权。

　　 “集团对于扭亏为盈的目标是有决心的，在经过两次资产出售后，如果 *ST远洋仍不能扭亏，不排除进一步的资产处理。 ”上述人士告诉中国证券报记者。 (孟斯硕 )

x 0

This news had been reports on 1 july before.

中远集团领导班子调整

	发布日期： 2013-07-01	信息来源：中远集团	浏览次数： 670	字号： [大中小 ]

　　 7月 1日，中远集团在北京远洋大厦会议中心召开中层以上管理人员大会，中央组织部王京清副部长出席会议并宣布班子调整决定。国务院国资委金阳副主任、中央组织部干部五局毛定之局长、国务院国资委企干一局庄树新局长等领导同志出席了会议。

　　王京清副部长在会上宣布，根据党中央、国务院决定，因年龄原因，魏家福同志不再担任中远集团董事长、党组书记职务；马泽华同志任中远集团董事长、党组书记，免去其中远集团总经理职务；李云鹏同志任中远集团董事、总经理。

中远集团领导班子调整

	发布日期： 2013-07-01	信息来源：中远集团	浏览次数： 670	字号： [大中小 ]

　　 7月 1日，中远集团在北京远洋大厦会议中心召开中层以上管理人员大会，中央组织部王京清副部长出席会议并宣布班子调整决定。国务院国资委金阳副主任、中央组织部干部五局毛定之局长、国务院国资委企干一局庄树新局长等领导同志出席了会议。

　　王京清副部长在会上宣布，根据党中央、国务院决定，因年龄原因，魏家福同志不再担任中远集团董事长、党组书记职务；马泽华同志任中远集团董事长、党组书记，免去其中远集团总经理职务；李云鹏同志任中远集团董事、总经理。

中远集团领导班子调整

发布日期： 2013-07-01 信息来源：中远集团浏览次数： 670 字号： [大中小 ]

　　 7月 1日，中远集团在北京远洋大厦会议中心召开中层以上管理人员大会，中央组织部王京清副部长出席会议并宣布班子调整决定。国务院国资委金阳副主任、中央组织部干部五局毛定之局长、国务院国资委企干一局庄树新局长等领导同志出席了会议。

　　王京清副部长在会上宣布，根据党中央、国务院决定，因年龄原因，魏家福同志不再担任中远集团董事长、党组书记职务；马泽华同志任中远集团董事长、党组书记，免去其中远集团总经理职务；李云鹏同志任中远集团董事、总经理。

x 0

SHIP All move up

yangzijiang up $0.88

SembMar $4.54

Semb Corp $5.11

Kep Corp $.10.91

COSOCO $0.730 LAST

x 0

SHIP just start to move tyoday higher $0.88 will be $1.00 soon

行业分析：航运复苏指日可待

业内人士讨厌提起航运界臭名昭著的周期性，但市场低迷持续了五年，现在我们终于能够看到一些令人兴奋的迹象。有些人还在怀疑，但其他人可能已经有了答案。
　　船舶经纪人 ACM航运公司的执行总裁 Johnny Plumbe称： “有些迹象表明市场情绪有所改善。 ”英国百力马公司研究室主任 Mark Williams也认为： “最艰难的时刻已经过去，现在的市场并非十分繁荣，但我们有理由对 2014年保持谨慎的乐观。 ”
　　但正如 Williams先生所指出的，没有人因此得意忘形。信贷紧缩目前仍然威胁着市场，而市场繁荣时期下订单的船舶有许多正在被建造并在此艰难时刻等待下水。运价和船价暴跌，破产频现。
　　航运市场的复杂性决定了会有许多变量影响周期波动的规律性，例如船舶大小、船龄、货物海运路线等等，都在影响着运价。
　　运价上升趋势
　　伦敦的经纪人公司如克拉克森、百力马航运 (BMS)和 ACM筹得了大量现金，但运价高低决定了他们的盈利多少。做成一项租船合同一般能付给他们 1.25%的佣金，所以如果运价上涨，佣金和利润也将增加。这三家公司的业务都在不断增长，但低运价始终带来麻烦。
　　同时，市场也面临着中国经济动态增长的放缓以及信贷紧缩的威胁。另外运力增长依然远超需求。但 BDI指数能够稍许鼓舞人心。
　　 BDI指数目前上升了约 60%，创 18个月来最高，部分是由于中国补充铁矿石及煤炭库存。澳大利亚预计明年铁矿石出口量将增长 14%，动力煤和炼焦煤出口都将上升。
　　今年的航运高峰季节给我们带来了更多的希望，预计今年南北半球的粮食贸易都将走势良好。冬季燃油消耗高峰期之前的燃油需求大增往往使第四季度的油运量达到峰值，而越冷的冬天，对航运业来说越是好兆头。
　　平衡之道
　　目前市场上已经有迹象表明全球运力正在努力走向供需平衡。越来越少的新运力交付使用，同时越来越多的老旧船被拆解。 Plumbe先生指出： “现在要卖掉 15年船龄的船舶已经很困难。 ”
　　然而船舶订单也在增加，大部分是成品油油轮的订单。这主要是由于全球炼油市场不断扩大，船东认为成品油运输需求将在 2014年这些新船交付时大幅增长。

x 0

行业分析：航运复苏指日可待

业内人士讨厌提起航运界臭名昭著的周期性，但市场低迷持续了五年，现在我们终于能够看到一些令人兴奋的迹象。有些人还在怀疑，但其他人可能已经有了答案。
　　船舶经纪人 ACM航运公司的执行总裁 Johnny Plumbe称： “有些迹象表明市场情绪有所改善。 ”英国百力马公司研究室主任 Mark Williams也认为： “最艰难的时刻已经过去，现在的市场并非十分繁荣，但我们有理由对 2014年保持谨慎的乐观。 ”
　　但正如 Williams先生所指出的，没有人因此得意忘形。信贷紧缩目前仍然威胁着市场，而市场繁荣时期下订单的船舶有许多正在被建造并在此艰难时刻等待下水。运价和船价暴跌，破产频现。
　　航运市场的复杂性决定了会有许多变量影响周期波动的规律性，例如船舶大小、船龄、货物海运路线等等，都在影响着运价。
　　运价上升趋势
　　伦敦的经纪人公司如克拉克森、百力马航运 (BMS)和 ACM筹得了大量现金，但运价高低决定了他们的盈利多少。做成一项租船合同一般能付给他们 1.25%的佣金，所以如果运价上涨，佣金和利润也将增加。这三家公司的业务都在不断增长，但低运价始终带来麻烦。
　　同时，市场也面临着中国经济动态增长的放缓以及信贷紧缩的威胁。另外运力增长依然远超需求。但 BDI指数能够稍许鼓舞人心。
　　 BDI指数目前上升了约 60%，创 18个月来最高，部分是由于中国补充铁矿石及煤炭库存。澳大利亚预计明年铁矿石出口量将增长 14%，动力煤和炼焦煤出口都将上升。
　　今年的航运高峰季节给我们带来了更多的希望，预计今年南北半球的粮食贸易都将走势良好。冬季燃油消耗高峰期之前的燃油需求大增往往使第四季度的油运量达到峰值，而越冷的冬天，对航运业来说越是好兆头。
　　平衡之道
　　目前市场上已经有迹象表明全球运力正在努力走向供需平衡。越来越少的新运力交付使用，同时越来越多的老旧船被拆解。 Plumbe先生指出： “现在要卖掉 15年船龄的船舶已经很困难。 ”
　　然而船舶订单也在增加，大部分是成品油油轮的订单。这主要是由于全球炼油市场不断扩大，船东认为成品油运输需求将在 2014年这些新船交付时大幅增长。

x 0

China shipbuilding hits top spot for H1

According to the latest statistics released by the Ministry of Industry and Information Technology, China completed 20.6m dwt of shipbuilding volume in the first half of 2013, topping South Korea as the top global shipbuilding market.
By the end of June, orders on hand stand at 108.98m dwt, a decline of 13.4% year-on-year, with newly received orders making up 22.9m dwt, an increase of 113.2% year-on-year.

x 0

二季度新船订单量持续增加

据经纪商的数据显示，截至六月底签下的新船有 401艘，高于 2012年同期的 341艘船。其中四月份泛起了大涨势头，同比从 90艘攀升到 149艘船。但比拟 2012年同期的 140艘船，今年六月的订单量有小幅回落，降至 120艘。船厂略少，为 1660万载吨重。
与二季度总量相对比的是，一季度里达成了 366船的新单，而 2012年一季度的签单数是 267。中国船厂上半年赢得的新单总值为 105亿美元，而竞争对手韩国大举揽下了 185亿美元。但从吨位数来看，中国公司新添了 2120万载重吨，而韩国船厂略少，为 1660万载吨重。

x 0

China to Introduce Policies to Support Shipping Industry

China will remove “unreasonable fees” and introduce supportive policies for shipping companies in the second half of the year to help them through an industry downturn, China National Radio reported yesterday, citing a Ministry of Transport official.
The ministry “is pro-actively striving for a reasonable tax burden for the shipping industry and, at the same time clean up unreasonable fees,” Song Dexing, head of the ministry’s water transport bureau, said in the report.
The plan comes as Cosco Shipping Co. (600428), a listed unit of China’s biggest shipping group, announced yesterday that its first-half net loss tripled. It didn’t say why.
Data released yesterday showed an unexpected drop in China’s June exports and imports, underscoring the severity of the country’s slowdown.
China Rongsheng Heavy Industries Group Holdings Ltd., the nation’s biggest shipyard outside state control, is seeking financial help from the government, as the nation’s shipowners association forecast a slump in vessel orders will run through next year.

x 1

x 0

China Government Mulls Strong Yard Support

The Chinese government is seen to announce new and stronger support measures for shipbuilding industry soon.
The Economic Information of China reported on July 3 that a ‘Three-Year Plan to Strengthen China’s Shipbuilding Industry’ is in the final stage of mediation, jointly provided by the three Chinese government agencies, the National Development and Reform Commission, the Ministry of Finance and the Ministry of Industry and Information Technology.
The Chinese government has prepared new support measures, requested by the China Association of the National Shipbuilding Industry (CANSI) and etc. from last year however the body postponed an official announcement facing a criticism that it supports insolvent state-owned companies.
The core of the measures this time is that the government would encourage replacing old vessels aged more than 15 years and offer 20% of subsidy out of the national treasury for the vessels built at domestic yards.
Chinese shipbuilders are giving a welcome to the government’s such move, expecting it would help ease struggling yards’ financial crunch.
Some say, however, restructuring caused by the natural market force might be interrupted due to the governmental supports, which could have a negative impact on the whole industry.

x 0

扬子江船业半年抢下 27艘新船订单

　　尽管上半年全球造船业仍不景气，但扬子江船业凭借本钱竞争力持续接获新船订单。据了解，今年上半年扬子江船业团体共接获了 27艘新船订单，总价值达 10.1亿美元；同时，为扩大造船产能，扬子江船业还收购了江苏扬子长博造船余下 49%股权，让长博造船成为扬子江的全资子公司。

　　据了解，今年上半年扬子江船业共接获 27艘新船订单，订单价值达 10.1亿美元，截至目前为止扬子江船业仍有在手订单 51艘、合约价值达 26.4亿美元；包括 22艘价值 15.6亿美元的集装箱船订单以及 29艘价值 10.8亿美元散货船。而自今年 4月底以来扬子江船业已签署生效 15艘订单，合计订单价值约 4.14亿美元，包括 6艘 82000DWT散货船、 8艘 64000DWT散货船，以及 1艘 94000DWT自卸船，新订单将在 2015-2016年间陆续交付。

　　面临近年来全球海运业运力过剩现状，船东订造新船意愿并不显著，但是比拟中小型船厂面对无单可接，扬子江船业仍凭借设计能力与本钱竞争力持续接获订单。

　　跟着近期海运业触底回升，扬子江船业看好下半年将会有更多的订单入袋，接单表现可望优于上半年。而为了扩张造船能力，扬子江也宣佈收购江苏扬子长博造船的馀下 49%股份，由母团体出资其中的 25%、全资子公司江苏扬子江船厂有限公司则出资 24%，相关收购总对价为人民币 1.1亿元。在此之前，扬子江团体对长博的持股比重为 51%，该收购案将让长博船厂成为扬子江 100%持股的子公司。

　　据了解，因为扬子江集团江阴老船厂可能将面对拆迁的题目，因此收购长博造船就成为扬子江船业为未来产能准备的枢纽布局。新船厂假如加上长博造船厂合计出产基地面积增加了 110万平方米，已经超过了扬子江集团江阴老船厂面积，未来出产能力得到了充分保障。

x 0

2Q result will out 14 Aug 2013

x 0

For Cosco to reach $2 , you need to wait for Next year , 2013 Q4 Result reports 100 % profix.

and big contracts wins .

cosco is $7.50 , now @ $0.74

x 0

上半年全球新船订单大幅增长

阅读次数： 62 发布日期： 2013-7-10

2013年上半年全球新船订单同比增长 40%，韩国新船订单同比增长 61%。

据克拉克森的最新统计，上半年全球新船订单为 749艘 1666万 CGT，与去年同期的 704艘 1194万 CGT相比，增长了 40%。

尤其是集装箱船、散货船、油船等商船订单领域与 2012年上半年相比大幅增长。韩国上半年共获得 184艘 599万 CGT，占全球新船订单的 36%，与去年上半年 119艘 373万 CGT，同比增长 61%。以 DWT统计为 1661万 DWT，去年同期为 777万 DWT。

从订单总额来看，韩国的新船订单总额仅增长 23%，从去年上半年的 150.5亿美元增长至 184.86亿美元。业内认为， 2013年新船订单价格触底，造船订单总额增幅较低，全球船东判断，眼下正是进行新船项目的最佳时机。

2013年上半年， 中国船厂共获得 347艘 657万 CGT新船订单， 占全球新船订单量的 39.5%，与去年同期 263艘 383万 CGT相比，增长了 72%。

国际船舶网

x 0

上半年全球新船订单大幅增长

阅读次数： 62 发布日期： 2013-7-10

2013年上半年全球新船订单同比增长 40%，韩国新船订单同比增长 61%。

据克拉克森的最新统计，上半年全球新船订单为 749艘 1666万 CGT，与去年同期的 704艘 1194万 CGT相比，增长了 40%。

尤其是集装箱船、散货船、油船等商船订单领域与 2012年上半年相比大幅增长。韩国上半年共获得 184艘 599万 CGT，占全球新船订单的 36%，与去年上半年 119艘 373万 CGT，同比增长 61%。以 DWT统计为 1661万 DWT，去年同期为 777万 DWT。

从订单总额来看，韩国的新船订单总额仅增长 23%，从去年上半年的 150.5亿美元增长至 184.86亿美元。业内认为， 2013年新船订单价格触底，造船订单总额增幅较低，全球船东判断，眼下正是进行新船项目的最佳时机。

2013年上半年，中国船厂共获得 347艘 657万 CGT新船订单，占全球新船订单量的 39.5%，与去年同期 263艘 383万 CGT相比，增长了 72%。

国际船舶网

x 0

上半年全球新船订单大幅增长

阅读次数： 62 发布日期： 2013-7-10

2013年上半年全球新船订单同比增长 40%，韩国新船订单同比增长 61%。

据克拉克森的最新统计，上半年全球新船订单为 749艘 1666万 CGT，与去年同期的 704艘 1194万 CGT相比，增长了 40%。

尤其是集装箱船、散货船、油船等商船订单领域与 2012年上半年相比大幅增长。韩国上半年共获得 184艘 599万 CGT，占全球新船订单的 36%，与去年上半年 119艘 373万 CGT，同比增长 61%。以 DWT统计为 1661万 DWT，去年同期为 777万 DWT。

从订单总额来看，韩国的新船订单总额仅增长 23%，从去年上半年的 150.5亿美元增长至 184.86亿美元。业内认为， 2013年新船订单价格触底，造船订单总额增幅较低，全球船东判断，眼下正是进行新船项目的最佳时机。

2013年上半年，中国船厂共获得 347艘 657万 CGT新船订单，占全球新船订单量的 39.5%，与去年同期 263艘 383万 CGT相比，增长了 72%。

国际船舶网

x 0

Will Cosco Shipyards Face Closure

7月 12日上午，中远船务集团以视频形式召开 2013年年中工作会，及时传达贯彻中远集团 2013年年中工作会精神，全面部署中远船务下半年各项工作。中远投资（新加坡）总裁、中远船务副董事长吴子恒在新加坡以视频形式出席会议并讲话，中远船务总经理王宇航、党委书记马智宏分别做总经理工作报告和党委工作报告。

2013年上半年，中远船务在中远（集团）总公司及董事会的正确领导和大力支持下，在 “突出一个导向，强化一项支撑，提升十种能力 ”上狠下功夫。通过全系统干部员工的共同努力，总体实现了时间过半、完成任务过半的阶段性目标。

王宇航对全系统干部员工面对残酷的市场竞争，积极开拓市场，强化基础管理，努力拼搏效益等方面取得的突破和成绩给予了充分肯定。王宇航总结了 2013年上半年中远船务工作的三大亮点：一是以市场为导向，谋求业务增量有突破；二是以技术为支撑，服务经营生产有成果；三是以精益管理为纲领，各项能力有提升。客观分析了当前存在的主要问题，并结合目前的形势和任务，对下半年重点工作进行了部署：一是以抓订单为首任，提质量、保增量；二是以增强竞争力为目标，精设计、增实力；三是以精益管理为纲领，继续提升十种能力，即：生产组织能力、成本控制能力、资金保障能力、物资管理能力、人才保障能力、信息化管理能力、外包管控能力、安全掌控能力、科学发展能力、风险防范能力。

马智宏在党委工作报告中，对 2013年上半年党委工作进行了回顾和总结，分析了当前面临的问题和形势，提出了下半年党委工作的重点和要求，即重点抓好六项工作：一是以 “四风 ”为突破口，深入开展党的群众路线教育实践活动；二是瞄准五大工作目标，全面完成七个方面工作；三是围绕经营生产工作，助推真干求解难点问题；四是着眼新形势新要求，持续推进基层党建科学化；五是深入贯彻 “六个学习 ”， “双建双培 ”提高素质能力；六是群团同心合力，激发正能量唱出好声音。

吴子恒对中远船务在严峻市场形势下取得的成绩给予了充分肯定，希望中远船务在今后的工作中，进一步提升风险防范能力，强化核心竞争力，确保企业健康可持续发展。（魏敬民 /文徐华 /摄）

x 0

In the pass few months Casco are trying very hard to make Q2 20013 prefix

Lower Prices

Casco Singapore, which gets its name from the city where it’s registered and listed, last month agreed to build a semi- submersible accommodation vessel for Cotemar SA at a price at least 30 percent cheaper than Keppel and Sembcorp Marine charged for larger units. The facilities are used for workers on offshore platforms.

The Chinese company will Cosco build a unit able to hold 750 people for a price of more than $200 million. , They still make prefix .cut cost, improved of skils worker in operations

Keppel signed a letter of intent to build a 440-person facility for $315 million in March. Both contracts had delivery schedules of about 2 1/2 years, even though Cosco Singapore hasn’t built such equipment previously, according to Nomura Holdings Inc. analyst Lisa Lee.

kep,scm how to fighter for the Lower prices in futures with china make

x 0

One-Third of China Shipyards Face Closure as Orders Slump

By Jasmine Wang - Jul 5, 2013 10:07 AM GMT+0800

　

China, the world’s biggest shipbuilding nation, may see a third of its yards shut down in about five years as they struggle to win orders amid a global vessel glut, an industry group said.

The yards in peril of closure have failed to get any orders " for a very long period of time," Wang Jinlian, secretary general of the China Association of National Shipbuilding Industry, said in an interview yesterday. They may end operations in three to five years if the " gloomy market persists." The nation has more than 1,600 shipyards.

China Rongsheng Heavy Industries Group Holdings Ltd. (1101) fell the most in almost a year in Hong Kong trading today after saying it’s seeking financial support from the government and its largest shareholder amid a plunge in orders and prices. The stock of China’s biggest yard outside state control was halted yesterday after the Wall Street Journal reported it recently cut about 8,000 jobs.

" Because of the overall market, there’s no way out for the companies so only the strongest will survive," Sarah Wang, a Shanghai-based analyst at Masterlink Securities Corp. (2856), said. " Life for China’s shipyards will be tougher this year as any form of credit crunch is critical."

Rongsheng Restructuring

More than half of the Rongsheng employees laid off were subcontractors and the rest full-time workers, the Journal reported July 3, citing Lei Dong, secretary to the Shanghai-based company’s president. William Li, a Rongsheng spokesman, declined to comment on the report.

The shipbuilder had a net loss in the first half, it said in today’s filing. Shareholder Zhang Zhirong agreed to provide an interest-free 200 million yuan ($33 million) loan to the Shanghai-based yard, it said.

Rongsheng is undergoing " workforce restructuring," and is " gradually downsizing production" in some areas, it said in today’s statement without elaborating.

The shares fell as much as 16 percent to 89 Hong Kong cents, the most since July 30 last year, before trading at 93 Hong Kong cents as of 10:03 a.m. local time.

The order book at China’s shipbuilders fell 23 percent at the end of May from a year earlier, according to data from the shipbuilders’ group. Yards have reduced down-payment requirements, with some slashing their rates to as little as 2.5 percent of contract value compared with 20 percent before 2010, according to UOB-Kay Hian Holdings Ltd. (UOBK)

Tight Liquidity

The nation’s clampdown on excessive short-term borrowing sent the overnight repurchase rate to a record 13.91 percent last month, forcing at least 22 companies including China Development Bank Corp., a backer of the shipping industry, to cancel or delay bond sales. Economic growth in China has held below 8 percent for the past four quarters, the first time that has happened in at least 20 years.

" Currently financial institutions themselves may have tight liquidity, so they are reluctant to lend money to companies in this sector," China Association’s Wang said. " If they can help some good companies, there would be no problems."

" Rongsheng’s move reflects the bad market," said Lawrence Li, an analyst at UOB-Kay Hian in Shanghai. " More small-to-medium sized shipyards, especially those that lack government support, may take the same actions or even close down."

Order Targets

Rongsheng had as many as 38,000 workers including its own employees and contract staff at the peak of the industry boom a few years ago, UOB-Kay Hian’s Li said. Brazil and Greece accounted for more than half of Rongsheng’s 2012 revenue, according to data compiled by Bloomberg.

The company posted a loss of 572.6 million yuan ($93 million) last year, after three consecutive years of profits, according to data compiled by Bloomberg. It had short-term debt of 19.3 billion yuan as of the end of 2012, the data show.

The shipbuilder targets new ship and offshore orders worth more than $2.3 billion this year, Chen said in Hong Kong in March. The company pared about 3,000 employees last year as it aims to return to profit this year, he said at the time.

Rongsheng’s cash conversion cycle, a gauge of days required to convert resources into cash, more than doubled to 582 last year from 224 in 2011, the data show. Its shares have fallen 15 percent this year in Hong Kong, compared with a 9.7 percent decline for the benchmark Hang Seng Index.

Ship Prices

Ten of the 14 analysts tracked by Bloomberg recommend selling Rongsheng stock with the rest rating it hold. The company raised HK$14 billion ($1.8 billion) in its initial public offering in 2010.

Ship prices for a vessel that can carry as many as 13,500 boxes fell to $106 million in April, which was then the lowest since Clarkson Plc (CKN) started compiling the figures in June 2008. Contracts for new vessels halved to $84.7 billion in 2012, compared with $174.7 billion in 2008, according to Clarkson.

About 464 shipyards in China won 18.7 million deadweight tons of orders worth $14.3 billion last year, the lowest since 2004, according to Clarkson. That compares with contracts for 14.6 million tons worth $29.6 billion received by 88 yards in South Korea, the world’s second-biggest shipbuilding nation.

China had 1,647 shipyards with annual sales of more than 5 million yuan at the end of December, according to the China Association. The sector contributed an industrial output of 790.3 billion yuan last year.

Shipbuilders are trying to offset the plunge in new vessel prices and orders by expanding their oil-rig business. Rongsheng announced in October its first order to make a tender barge while rival Yangzijiang Shipbuilding Holdings Ltd. (YZJ) got its first rig contract in December.

http://www.bloomberg.com/news/2013-07-04/china-rongsheng-halts-trading-in-shares-after-report-on-job-cuts.html

行 业 分 析 ： 航 运 复 苏 指 日 可 待

行 业 分 析 ： 航 运 复 苏 指 日 可 待

China shipbuilding hits top spot for H1

二 季 度 新 船 订 单 量 持 续 增 加

China to Introduce Policies to Support Shipping Industry

China Government Mulls Strong Yard Support

扬 子 江 船 业 半 年 抢 下 27艘 新 船 订 单

上 半 年 全 球 新 船 订 单 大 幅 增 长

上 半 年 全 球 新 船 订 单 大 幅 增 长

上 半 年 全 球 新 船 订 单 大 幅 增 长

行业分析：航运复苏指日可待

行业分析：航运复苏指日可待

二季度新船订单量持续增加

扬子江船业半年抢下 27艘新船订单

上半年全球新船订单大幅增长

上半年全球新船订单大幅增长

上半年全球新船订单大幅增长