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Yangzijiang secure 2 +4 bulk carrier ship orders Sam Carr

2013-10-08 08:49:43 Source :internation ship web

End of September, Jiangsu New Yangzi Shipbuilding ( Position Comments News Recruitment ) Limited from the Norwegian Shipowners Torvald Klaveness company received 2 +4 vessels 82000DWT environmentally friendly bulk carrier ( ship yard sale ) order new ships delivered in 2015. The shipowner expand New Yangzi Shipbuilding orders of magnitude.

According to foreign news, Klaveness New Yangzijiang Shipbuilding Company constructed a total of four ships, and also has eight alternative orders with the shipyard recently signed a new ship construction contract. Industry sources estimate that this order for each vessel price of approximately $ 27 million.
It is reported that, Klaveness company has to secure 55% of the ship financing

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Yangzijiang secure 2 +4 bulk carrier ship orders Sam Carr

2013-10-08 08:49:43 Source :internation ship web

End of September, Jiangsu New Yangzi Shipbuilding ( Position Comments News Recruitment ) Limited from the Norwegian Shipowners Torvald Klaveness company received 2 +4 vessels 82000DWT environmentally friendly bulk carrier ( ship yard sale ) order new ships delivered in 2015. The shipowner expand New Yangzi Shipbuilding orders of magnitude.

According to foreign news, Klaveness New Yangzijiang Shipbuilding Company constructed a total of four ships, and also has eight alternative orders with the shipyard recently signed a new ship construction contract. Industry sources estimate that this order for each vessel price of approximately $ 27 million.
It is reported that, Klaveness company has to secure 55% of the ship financing.

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Seaspan reorder 5 , 10 000 TEU container ship

2013-10-08 08:55:48 Source: International Ship Web

Seaspan Corporation on September 30, said the company in Jiangsu New Yangzi Shipbuilding ( Location Reviews News Recruitment ) Limited and Jiangsu Yangzi Xin Fu ( Location Reviews News ) Shipbuilding Co., Ltd. has ordered five 10000TEU re-type large container ship ( ship shipyard trading ).

The original contract for the alternative orders came into effect, the new ship will arrange the delivery in 2015 implemented. The five container ships will be used Seaspan's " SAVER" hull design, the owner said that these expectations will sign a long-term charter vessels contract. In addition, Seaspan company now has a total of 104, more than 790,000 TEU container ship fleet, including 31-2016 delivered before the end of the ship under construction.

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Yangtzijiang shipping industry received 19 orders for new ships

2013-10-08 09:10:13 Source: International Ship Web

Yangzijiang Shipbuilding ( Position Comments News ) recently received six 208000DWT type large ore carriers ( ship yard sale ) (VLOC) orders.
Group announced recently signed a 4 +2 ship 208,000 tons-class VLOC construction contracts. But did not disclose the contract signed by the owner and newbuilding prices, but according to industry sources, each ship newbuilding price of approximately $ 55 million, the owner of Oldendorff Carriers company.

In addition to the new office outside the contract, the Yangtze River shipping industry also recently signed a 13 build effective alternative formal contract orders. Including Seaspan Corporation-made 5 10000TEU type large container ship ( ship yard sale ), 8 82000DWT type bulk carrier ( ship yard sale ). The 13 ship orders and the newly signed four VLOC orders totaled $ 871 million, the 17 vessels will be delivered in 2015-16.
In addition, the Yangtze River shipping industry now has $ 1.36 billion of 28 ($ 85,000 11 container ships, $ 510 million 17 bulk carriers) alternative orders.

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Yangtzijiang shipping industry received 19 orders for new ships

2013-10-08 09:10:13 Source: International Ship Web

Yangzijiang Shipbuilding ( Position Comments News ) recently received six 208000DWT type large ore carriers ( ship yard sale ) (VLOC) orders.
Group announced recently signed a 4 +2 ship 208,000 tons-class VLOC construction contracts. But did not disclose the contract signed by the owner and newbuilding prices, but according to industry sources, each ship newbuilding price of approximately $ 55 million, the owner of Oldendorff Carriers company.

In addition to the new office outside the contract, the Yangtze River shipping industry also recently signed a 13 build effective alternative formal contract orders. Including Seaspan Corporation-made 5 10000TEU type large container ship ( ship yard sale ), 8 82000DWT type bulk carrier ( ship yard sale ). The 13 ship orders and the newly signed four VLOC orders totaled $ 871 million, the 17 vessels will be delivered in 2015-16.
In addition, the Yangtze River shipping industry now has $ 1.36 billion of 28 ($ 85,000 11 container ships, $ 510 million 17 bulk carriers) alternative orders.

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Seaspan reorder 5 , 10 000 TEU container ship

2013-10-08 08:55:48 Source: International Ship Web

Seaspan Corporation on September 30, said the company in Jiangsu New Yangzi Shipbuilding ( Location Reviews News Recruitment ) Limited and Jiangsu Yangzi Xin Fu ( Location Reviews News ) Shipbuilding Co., Ltd. has ordered five 10000TEU re-type large container ship ( ship shipyard trading ).

The original contract for the alternative orders came into effect, the new ship will arrange the delivery in 2015 implemented. The five container ships will be used Seaspan's " SAVER" hull design, the owner said that these expectations will sign a long-term charter vessels contract. In addition, Seaspan company now has a total of 104, more than 790,000 TEU container ship fleet, including 31-2016 delivered before the end of the ship under construction.

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Yangzijiang Shipbuilding: Wary of a False Dawn Cut to Sell TP $0.98

 Cut to contrarian SELL, SOTP-based TP at SGD0.98. We do not see a broad-based recovery for Chinese shipbuilders yet as (1) rise in BDI was led mainly by rate hikes for capesize vessels, (2) container freight rates remain weak, and (3) yard overcapacity issue lingers. We fear that YZJ?s recent rise in share price may meet with downward pressure when shipping market recovery story disappoints.

 We do not see shipbuilding prices picking up significantly yet. While there may be some short-term spike in new orders, we still see margin contraction and EPS decline for YZJ?s core shipbuilding business for FY13-15F as higher margin contracts are depleted from orderbook.

 We agree YZJ would be the best proxy to ride a shipbuilding recovery cycle, but we disagree that this

YZJSGD SP | Mkt Cap USD3.5b | ADTV USD13.2m

MAYBANK CCALL SELL TP + $0.98

OCBC : HOLD TP $1.04

Yangzijiang Shipbuilding: Healthy order

flow for replenishment

● Order book replenishment

● Newbuild prices creeping up

●

Secures more contracts to provide work

down the roadSeeking sustainability

Following the announcement of eight

shipbuilding contracts in early Sep totaling

US$214m, Yangzijiang Shipbuilding (YZJ) has

secured 17 more contracts worth about

US$871m, bringing total orders won YTD to

US$2.096b. The 17 new contracts are

scheduled for deliveries in 2015-2016, and

provide much-anticipated replenishment of

the order book for execution of orders further

down the road ? indeed the company may

have to rely on a higher volume turnover as

it starts executing more of its newer orders

(also lower-margin) to maintain the yard?s

profit level. Meanwhile, the group still has a

total of 28 options outstanding worth about

US$1.36b.

Newbuild prices see slow but steady

With a gradually recovering newbuild market,

we raise our peg from 8x to 9x P/E, while

rolling forward our valuations from blended

FY13/14F earnings to FY14F earnings,

resulting in a slight rise in YZJ?s fair value

estimate to S$1.04 (prev. S$0.99). While the

newbuild price trend of ships by Chinese

yards looks positive, additional monitoring is

needed to determine its sustainability, which

uptrend

FV to S$1.04 still a

HOLD

As Exhibits 2 and 3 illustrate, newbuild prices

for bulk carriers in Chinese yards have been

on a slow but steady uptrend since early this

year. This has been more apparent in the

larger ships, such as the Capesize carriers

(e.g. US$50m in Sep 2013 vs US$45m in Dec

2012). Indeed, according to RS Platou1, spot

earnings for Capesize tonnage rose

substantially over the last month due to

higher Chinese iron ore imports. The strength

in Capesize has also influenced the Panamax

sector positively as charterers started to take

two Panamaxes instead of one Capesize

when the spread in freight rates became

greater than normal. In the longer term, a

gradual recovery in the world economy

should drive the demand for tonnage.

Slight increase

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Sell recommendations in Singapore
To fund the purchases, we would Sell Ezra Holdings and Singapore Airlines
(SIA). Ezra is in a build-up phase and, as such, has seen heavy expenses, which
have placed downside pressure on group earnings. Execution risks also appear
elevated for the group. We have a Sell on SIA because of high fuel prices, a
sluggish cargo business and downward pressure on passenger yields. Over the
longer term, we also worry about the competitive threat from LCCs and the
Middle Eastern airlines (like Emirates).

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Top five Buys in Singapore : DBS, Genting, YZJ, Capitaland and M1
We drop ST Engineering, Keppel Corp and HPH Trust from our top five Buy list
and replace them with DBS, Genting Singapore and Yangzijiang Shipbuilding.
In Singapore, we have Sell recommendations on Ezra Holdings and Singapore
Airlines. Average P/E for Singapore stocks under DB coverage of 16.8x/14.9x
for 2013/2014E, respectively, do not look particularly exciting versus EPS
growth of 11.8%/13.1% over 2014/2015E, respectively.

Top Buys
We drop ST Engineering because it has rallied 14% over the past 15 weeks. In
its place, we have picked Genting because of its potential margin expansion at
RWS, the improving China macro outlook and its operating leverage. We see
strong 50% earnings growth in 2014E. Yangzijiang Shipbuilding replaces
Keppel Corp, as we think order flow has better upside potential versus market
expectations. The consolidating sector should increase its market share and a
number of its 51 contract options issued should be exercised in the coming
quarter. Lastly, we have included DBS and dropped HPH Trust because we
think DBS is well positioned for an eventual rate rise in the future. The bank is
growing its wealth management market in Singapore and Hong Kong, in
addition to re-jigging its HK loan book from lower-margin mortgages to highermargin
trade financing. We maintain CapitaLand and M1 on the list.
Increasingly visible structural reforms in China and growing domestic
consumption should benefit CapitaLand. We expect a margin improvement at
M1 over time and like its recent positive ARPU momentum we estimate a
dividend yield of 4.4% in 2013, rising to 5.9% in 2015.

cimb

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Yangzijiang Shipbuilding: Healthy order flow for replenishment

Summary: Yangzijiang Shipbuilding (YZJ) has recently secured 17 contracts worth about US$871m, bringing total orders won YTD to US$2.096b. These new contracts are scheduled for deliveries in 2015-2016, and provide much-anticipated replenishment of the order book for execution of orders further down the road. Newbuild prices for bulk carriers in Chinese yards have been on a slow but steady uptrend since early this year, but additional monitoring is needed to determine its sustainability, which is dependent on the global economic recovery, the rate of China?s yard consolidation process as well as any further tightening in China?s money supply. With a gradually recovering newbuild market, we raise our peg from 8x to 9x P/E, while rolling forward our valuations from blended FY13/14F earnings to FY14F earnings, resulting in a slight rise in YZJ?s fair value estimate to S$1.04 (prev. S$0.99). Maintain HOLD. (Low Pei Han)

From OCBC research

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Monday Short seller had to buy .but now the price look a bit higher compare to yesterday .just waiting for next down ware

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What good thing now us gov shitdown . Fund managers analysis said . The us en comic will be drop . And unemployment rate will up . So the QE3 will not be reduced by tjis year

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News and for both

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Seaspan Corporation exercised options for the construction of five (5) 10,000 TEU class containerships, yesterday at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd.

These vessels are scheduled for delivery in 2015 and will be constructed using Seaspan?s fuel efficient SAVER design.

Seaspan expects to sign long-term time charters for these vessels with one of the liner majors in the near term.

The vessels remain subject to allocation in relation to Seaspan?s right of first refusal agreement with Greater China Intermodal Investments LLC, an investment vehicle established by Seaspan, an affiliate of global alternative asset manager The Carlyle Group, and Blue Water Commerce, LLC.

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The basic rules for the share :

1.) the Good News , share price will move up.

2,) when come to bads news can kill ppl. share price will drop or short seller will come in ( short drop more and more)

buying a company not just see news in company . the us news is the master can bring the wrolds market up or down.

this is advise for news boy

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US House of Representatives and the Senate to seek face

Sina Finance YORK October 1 morning news a Republican aide confirmed that the House of Representatives and Senate Democratic leaders who seek to meet in order to be able to face to face talks with the parties, at the last moment to reach a short-term spending budget, rather than the past few days as , table tennis, fruitless. (Ming Yu)

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Obama promised power to avoid a government shutdown

Remittance Network October 1 News - USDCAD (1.0325, 0.0011, 0.11%) on Monday (September 30) is almost closed flat. Morning, no progress in the U.S. fiscal negotiations, leading to a government shutdown looming crisis, the U.S. dollar against the Canadian dollar was lower pressure, but since then, the U.S. President Barack Obama (Barack Obama) in his speech, saying that he would make every effort to prevent the U.S. government after closing the U.S. dollar against the Canadian dollar recovered intraday decline.

Technically, the dollar against the Canadian dollar is still trading at 200 day moving average, and thus, the recent bottoming rebound is expected to continue to follow in the next, but is still facing resistance at 1.0380 intensive. Once after the break, the U.S. dollar against the Canadian dollar still look to challenge previous record highs above 1.05.

07:23 GMT, the U.S. dollar against the Canadian dollar reported 1.0322/25.

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Look like Yangzijiang is move up again.

if tonight Us money issues settle . tomorrow we can see bule sky.

short seller may get burn.

but no contra player .

resistance is $1.15 -$1.18

support $ 1.10

Good Luck

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The Senate rejected the House Budget Latest

Sina Finance YORK October 1 morning news on Monday night, the Senate rejected the House's latest budget, but give the House an opportunity for them to the Senate's budget vote, the Senate Budget to allow the Government to maintain mid-November, and to continue to provide funding for the health care reform plan.

Earlier U.S. House of Representatives passed the latest budget, allowing the government prior to the December 15 to maintain normal operations, but requires that the Obama health care plan to force individuals to buy the insurance (or pay fines) and other provisions to postpone for one year.

If congressional Republicans and Democrats can not at midnight (12:00 GMT today) before the agreement on the budget, part of the U.S. government departments will be closed. (Ming Yu)

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Today Hong kong and china stock markets close

Holidays china National Days