My view.  The description "ship builder" has several perspectives to it ... ship repair, engineering, rig builder.  The scale of Cosco is huge even among the shipyard community.  I do not see their order books "rapidly decreasing" even though the last one year they had cancelled or postponed orders for new vessels. It's like saying Boeing will "die" if aviation industry is in the doldrum - take a supermassive economic downturn to kill a company like Cosco which of course means many companies on SGX will also die.  This doomsday scenario is not likely in my opinion.  If the sector pick up, I think Cosco will in fact come out much stronger.  Between Cosco and a company like NOL, I would stake my bet on Cosco.  The only reason a company like Cosco can "die" is if there is financial mismanagement - this would be true for ANY company.

Disclaimer : Vested in YZJ, not Cosco but always looking at it keenly.

COSCO is HUGE SHIPYARD....

If COSCO dies NEXT YEAR, NOL also will be WRECKED....

BUT both counters have BIG BIG MOUNTAINS Backing....even losing money MUST STILL HOLD ON....

In that SENSE, they won't die.... so easily....

Bro,

Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.