COSCO SHP SG    Last:0.117    +0.001

CoscoCorp

collect at 1.14 , can collect 3 cent dividend.... double win win

 

 

Any Tp for cosco????

 

just bought. luv my gut.

told myself even if i can't sell, i can collect 3cents div in next mth. hahah

 

got vested at this price yest.. dun ask me why.. just gut feel.. hahah.. like a lot of so called masters here trading on gut feel as well.. hahah

seanpent      ( Date: 04-Apr-2012 09:39) Posted: technically, cosco good support at 1.15 ? Hawkeye      ( Date: 26-Mar-2012 18:04) Posted: This quarter todate, COSCO had secured US$450million contract. Dry Bulk freight had constantly increasing. Container freight Asia-US route is increasing and will increase further on April 2012. If condition continue to improve COSCO will benefit further

 

technically, cosco good support at 1.15 ?

Hawkeye      ( Date: 26-Mar-2012 18:04) Posted: This quarter todate, COSCO had secured US$450million contract. Dry Bulk freight had constantly increasing. Container freight Asia-US route is increasing and will increase further on April 2012. If condition continue to improve COSCO will benefit further. Hawkeye      ( Date: 26-Mar-2012 14:16) Posted: Cosco wins $189m shipbuilding contract Singapore-listed Cosco Corp said one of its  subsidiaries had signed a contract worth more than US$150 million ($189 million) to build a specialised vessel to install offshore wind turbines for a European customer. Cosco said on Monday the vessel is scheduled for delivery in 2014 and the contract is not expected to have a material impact on the net tangible assets and earnings per share of the company for the year ending 31 December 2012. http://www.theedgesingapore.com/the-daily-edge/business/36560-cosco-wins-189m-shipbuilding-contract.html

 

Cosco still not moving.... NOL, Yzj up up on the way oredi......

 

Published March 30, 2012

Baltic index rises on China hopes Steel demand faces seasonal recovery as construction activities resume The main index, which gauges the cost of shipping commodities such as iron ore, cement, grain, coal and fertiliser, rose 5 points or 0.55 per cent to 922 points. The Baltic's capesize index rose 0.52 per cent to 1,361 points, as expectations of demand recovery in top consumer China aided sentiment. Steel demand in China is facing a seasonal recovery as construction activities resume with the warmer weather. ....... http://www.businesstimes.com.sg/sub/shippingtimes/story/0,4574,484140,00.html?   (LONDON) The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose on Wednesday as the capesize index turned positive after 20 straight sessions.

 

This quarter todate, COSCO had secured US$450million contract.

Dry Bulk freight had constantly increasing.

Container freight Asia-US route is increasing and will increase further on April 2012.

If condition continue to improve COSCO will benefit further.

Hawkeye      ( Date: 26-Mar-2012 14:16) Posted: Cosco wins $189m shipbuilding contract Singapore-listed Cosco Corp said one of its  subsidiaries had signed a contract worth more than US$150 million ($189 million) to build a specialised vessel to install offshore wind turbines for a European customer. Cosco said on Monday the vessel is scheduled for delivery in 2014 and the contract is not expected to have a material impact on the net tangible assets and earnings per share of the company for the year ending 31 December 2012. http://www.theedgesingapore.com/the-daily-edge/business/36560-cosco-wins-189m-shipbuilding-contract.html

 

Cosco wins $189m shipbuilding contract

Singapore-listed Cosco Corp said one of its  subsidiaries had signed a contract worth more than US$150 million ($189 million) to build a specialised vessel to install offshore wind turbines for a European customer.

Cosco said on Monday the vessel is scheduled for delivery in 2014 and the contract is not expected to have a material impact on the net tangible assets and earnings per share of the company for the year ending 31 December 2012.

http://www.theedgesingapore.com/the-daily-edge/business/36560-cosco-wins-189m-shipbuilding-contract.html

 

Published March 23, 2012

Baltic index up as rates of smaller vessels rise The main index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, rose 12 points or 1.36 per cent to 896 points. 'The overall dry bulk market has continued to improve slowly, feeding off a much improving Atlantic basin,' George Lazaridis of Intermodal Shipbrokers Co said. The Baltic's panamax index gained 1.1 per cent to 1,015 points, with average daily earnings rising to US$8,125, helped by demand for coal, grain and minor bulk cargoes.   (BANGALORE) The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose for the 20th straight day on Wednesday, as demand in the Atlantic basin pushed up rates of smaller vessels.

http://www.businesstimes.com.sg/sub/shippingtimes/story/0,4574,483130,00.html?

 

THE Shanghai (Export) Containerised Freight Index (SCFI) climbed 5 per cent higher week-on-week in the week ended March 16, 2012. The increase in SCFI was driven by increases of US$239/FEU (40-foot equivalent unit) in Shanghai to US west coast and US$222/FEU in Shanghai to US east coast shipping rates. The general rate increase (GRI) in transpacific shipping rates indicates shipping liners have been successful in getting most of the previously announced US$300/FEU rate hike that happened on March 15, 2012. Going forward, shipping liners are planning another US$400/FEU hike to transpacific shipping rates on April 15, 2012.

http://www.businesstimes.com.sg/sub/views/story/0,4574,483095,00.html?

 

overall market to recover big time, lead by genting ?

 

China's COSCO (Guangdon) Shipyard Co., Ltd. is to build up to ten Rolls-Royce design UT 771 CDL Platform Supply Vessels for an as yet unnamed " American shipowner."

March 22, 2012

Any idea why unnamed ????

 

Good to short Cosco ...way down...

 

Cosco says 4 shipbuilding contracts worth $133m made effective from Mar 15

Cosco Corporation (Singapore) says that four shipbuilding contracts signed by unit Cosco (Guangdong) Shipyard Co. with an American ship owner for the construction of four UT 771 CDL Platform Supply Vessels (PSVs) at a value of over US$105 million ($133 million) in total have become effective on March 15, 2012.

Delivery of the above four vessels is expected to start in early 2014. In addition, from March 15, the ship owner has the option to declare up to another six contracts for the construction of the same UT 771 CDL PSVs, which have a value of over US$160 million in total.

http://www.theedgesingapore.com/the-daily-edge/business/36530-cosco-says-4-shipbuilding-contracts-worth-133m-made-effective-from-mar-15.html

 

Today is a day for   " marine and shipping" stocks.  Huat arh.

 

technically, cosco may have chance to return to 1.315 .....

 

Panamax rates boosted by higher grain shipments



The overall index, which gauges the cost of shipping commodities such as iron ore, cement, grain, coal and fertilisers, rose 11 points or 1.3 per cent to 855 points.

The Baltic's panamax index rose 1.29 per cent, with average daily earnings for panamaxes up at US$7,542.

Earnings for panamaxes, which usually transport 60,000 to 70,000 tonne cargoes of coal or grains, have dropped 43 per cent this year.

'The Atlantic started to provide much needed support thanks to re-ignited ECSA market, while the Pacific started ... to trend sideways, mainly due to the slacking demand from China,' George Lazaridis of Intermodal Shipbrokers said.

The Baltic's capesize index fell by 0.2 per cent, with the average daily earnings for capesizes down at US$5,531, a drop of about 80 per cent this year. Capesizes typically transport 150,000 tonne cargoes such as iron ore and coal.

'It does not help that Sanko are seeking restructuring, a new cyclone is building up off Western Australia, and the Atlantic market is still inactive,' said broker firm Fearnleys in its weekly report.

Sanko Steamship, one of Japan's oldest shipping firms, is the latest company to announce it is struggling to make payments amid a severe downturn in the dry bulk, tanker and container markets.

Tropical Cyclone Lua was likely to hurtle towards the Western Australia coast by the next morning, as it strengthened to a Category 2 cyclone, and headed south-east towards the east Pilbara coast, reaching Category 3.

The main index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, is down more than 51 per cent this year.

'With the overcapacity issue having already made its presence felt in the first two months of 2012, it is anticipated that the percentage of orders being delayed or cancelled is likely to accelerate this year, greatly outpacing what was seen in 2011,' Intermodal's Mr Lazaridis said.

Average daily earnings for handysize and supramax ships were up at US$7,432 and US$9,650, respectively. -- Reuters

 

(LONDON) The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose for the 15th straight day last Wednesday as grain shipments boosted panamax rates.

 

 

Ya Agreed

KiLrOy      ( Date: 15-Mar-2012 17:30) Posted: Most trading house has a basket of equities in which they provide coverage  (typically its also those equities that they have vested interest) also Kim Eng has an obligation to their clients (who trades with them)~ Just takes  the analysis  as a second opinion lor. Its probably better crafted or more 'creditable' than any of us forumers just yelling to BUY or SELL. :)

 

Most trading house has a basket of equities in which they provide coverage  (typically its also those equities that they have vested interest) also Kim Eng has an obligation to their clients (who trades with them)~

Just takes  the analysis  as a second opinion lor. Its probably better crafted or more 'creditable' than any of us forumers just yelling to BUY or SELL. :)