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Fund are buying china relate counter at hk and shanghai market,Cosco is a government relate coy will be target of support buy by china govm fund,,,,,,dollars club soon become darling of market play,
Buying signal for Cosco and yangzhij and yanglord,,,,,china national team support the market ,my target cosco on my basket buying ,,,,,let cheers
The Board of Directors of COSCO Corporation (Singapore) Limited ("the Company") wishes to inform that the Company will be releasing the financial results of the Company and of the Group for the Quarter ended 30 September 2012 on Friday, 2 November 2012, after trading hours.
Cosco Zhoushan delivers landmark self-developed drilling platform
Shanghai: Cosco Zhoushan shipyard has delivered China’s first
self-developed semi-submersible rig Island Innovator on Wednesday.
Built for Norwegian owner Odfjell Drilling, the Island Innovator
semi-submersible rig will be operated in the harsh environment of the
North Sea, which requires a high level of maturity in understanding
identified design and operation risks.
“Island Innovator is an important breakthrough in both design and
construction for China’s deep water drilling platform, and is a
milestone in China’s development of high-end offshore products,” said an
offshore from Cosco Zhoushan shipyard. [27/09/12]
Cosco building offshore yard in Dongguan
Guangzhou: Cosco Guangdong Shipyard is embarking on
building a yard specifically for offshore construction, the first
dedicated offshore site in the southern Chinese province. Dongguan, near
Shenzhen, has been selected for the new facility. Cosco has big plans
for offshore, wanting it to account for up to half of its shipyard
revenues by the end of 2015. [27/09/12]
On Thursday, Cosco trend sideways and closed at $0.97 with LOW volume of 3.4 million shares traded.
Both RSI & MACD are flat as RSI trend sideways.
Important Resistance of Cosco: $1.025
Immediate Support of Cosco: $0.94
Currently prices are resisted by 20/50/100 days MA
Since 29/May, prices have been ........... READ MORE
Corrupt officials
slslslsl ( Date: 27-Sep-2012 16:37) Posted:
| China is pumping RMB180 billions. Who do you think will be benefited? |
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China is pumping RMB180 billions. Who do you think will be benefited?
BBs are buying this counter n
BDI is booming right now and thank you to Chinese Government. Who do you think will get the most benefits? Act before too late.
http://www.cnbc.com/id/49120523
Cosco’s VLCC order just the tip of the iceberg
Dalian: The initial batch of 10 VLCCs that Cosco Dalian is negotiating
is part of a 30 VLCC order, which in turn is part of a VLCC pool being
planned among China’s leading state-owned shipping lines, SinoShip News
can confirm. This news portal first reported the news one month ago
today.
“In reality this is such a big project, all together 70-80 ships
planned,” a well-placed source stressed involving Cosco, China Merchants
and Nanjing Tanker.
The cash allocation for this spending is in the latest five-year plan
so the orders need to be done before 2015. The dipping market has made
negotiations slower than anticipated but further orders are expected to
be placed in the coming six months.
“Currently we are still probing into the possibilities, nothing has
been confirmed yet,” an official from Cosco’s tanker division in Dalian
told SinoShip News, “and we are negotiating with many different yards in
China, not only the three yards mentioned before. Also we are
negotiating with some companies for potential charters,” the official
added.
“We had a preliminary contact with Cosco Dalian, it still needs further
negotiation,” an official at Unipec, who is close to the matter, said
to Sinoship News.
Currently Cosco Dalian has 18 oil tankers and six of them are VLCCs. [21/09/12]
Many traders are betting that the Chinese demand for iron ore and steel could pick up later in the year. Stats from China showed that iron ore prices
rebounded from their lowest level in three years, after the Chinese government approved more than
$150 billion for infrastructural development in the second-largest economy of the world. The rise in steel and iron prices was also depicted by the sharp surge of 9% in the Baltic Dry Index (BDIY) in the last two days. BDIY is composed of weighted averages of indices of Capesize, Panamax, Handysize and Supramax. This of course is further dependant on the prices and demand of commodities. More the demand for commodities, the higher their prices will be and more demand will lead to a rise in charter rates for vessels, thus leading to a rise in BDIY.
when a stocks goes sideway for too long. it will either move up or move down heavily upon breakout. so i think it will be a good risk to reward ratio trades. vested in cosco 1 week ago at the bottom of the range. possible accumulation detected.
With BDI starts picking up, this counter will be up like crazy. Many analysts have been asked to downgrad this counter because BBs want to be accummulated shares at low price.
BBs are picking up this counter as governments are supporting shipping industry.
Dalian Ocean Shipping Company (COSCO DALIAN) is wholly owned subsidiary of China Ocean Shipping Company (Cosco Group). != COSCO (Dalian) Shipyard Co.
I also want to know this
ruanlai ( Date: 13-Aug-2012 17:35) Posted:
| COSCO CORPORATION SECURES USD170 MILLION CONTRACT FOR (1) ONE UNIT JACKUP DRILLING RIG |
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Good for Cosco , China announced $Billions in new infrastructure spendings .
good or bad news?
newbiexpert ( Date: 15-Sep-2012 11:00) Posted:
Cosco Dalian reported to have booked up to 30 VLCCs
EMERGING reports late on Friday that a major Chinese state tanker
owner has proceeded with a giant order for very large crude carriers at
domestic yards could herald the moment when a nightmare which has
haunted the tanker market for the last year finally became
reality.Rumours of a...
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Cosco Dalian reported to have booked up to 30 VLCCs
EMERGING reports late on Friday that a major Chinese state tanker
owner has proceeded with a giant order for very large crude carriers at
domestic yards could herald the moment when a nightmare which has
haunted the tanker market for the last year finally became
reality.Rumours of a...
