Latest Forum Topics / COSCO SHP SG Last:0.136 -0.001 | Post Reply |
CoscoCorp
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samson
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16-Jul-2013 16:10
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SHIP All move up yangzijiang up $0.88 SembMar $4.54 Semb Corp $5.11 Kep Corp $.10.91 COSOCO $0.730 LAST |
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samson
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16-Jul-2013 15:12
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行 业 分 析 : 航 运 复 苏 指 日 可 待 
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Hawkeye
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16-Jul-2013 14:11
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Introduction
COSCO (Nan Tong) Shipyard in Yangtze River Delta Region has one DWT 150,000 floating dock, one DWT 80,000 floating dock, four repair berths and 400,000m2 land areas. Back in the past 10 years, it has become the prime shipyard of the COSCO Shipyard Group, with its advanced facilities, highly-trained technical personnel and experienced workforce, handing approximately 150 vessels per year and holding the leading position in China all along and is extensively renowned home and abroad for its achievement in big projects and ship conversion.
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Hawkeye
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16-Jul-2013 14:05
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Hawkeye
Veteran |
16-Jul-2013 14:04
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  Good Buy | ||
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Hawkeye
Veteran |
16-Jul-2013 14:02
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hlfoo2010
Veteran |
16-Jul-2013 12:16
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sunset |
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samson
Veteran |
16-Jul-2013 11:40
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China shipbuilding hits top spot for H1According 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. |
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samson
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16-Jul-2013 11:23
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二 季 度 新 船 订 单 量 持 续 增 加 
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samson
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16-Jul-2013 11:21
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China to Introduce Policies to Support Shipping IndustryChina 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. |
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samson
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16-Jul-2013 11:18
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China Government Mulls Strong Yard SupportThe 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. |
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samson
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13-Jul-2013 22:13
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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 |
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stevenk
Member |
13-Jul-2013 15:51
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On Friday, China's finance minister scaled down expectations by predicting only a 7 percent rise this year. So, I am not so optimistic. |
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New123
Elite |
13-Jul-2013 13:49
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let see if it can cross 80 cents first. Shipping has bn down for long time.. | ||
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Hawkeye
Veteran |
13-Jul-2013 11:15
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Cosco BUY and wait for $2.00 | ||
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samson
Veteran |
12-Jul-2013 22:41
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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 ) |
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Hulumas
Supreme |
12-Jul-2013 21:51
Yells: "INVEST but not TRADE please!" |
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  置 之 死 地 、 而 后 生 呗 !
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samson
Veteran |
12-Jul-2013 17:03
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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
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samson
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12-Jul-2013 16:48
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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   |
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Hawkeye
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12-Jul-2013 16:29
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Outdated news, this news is last year june 2012. Now Baltic Index had risen and Cosco is getting new orders. Cosco Singapor Q3 should perform much better. Cosco Shipping has nothing to do with Cosco Singapore but more to indicate NOL is also not doing well. Cosco Singapore is Ship Building, Offshore and Dry Bulk Shipping.
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