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Tell us something we already do not know? All these negativity is already known months ago, and it probably in the price already. This is why YZJ is miles again.
I have a funny feeling we will see it at 78c soon. Checking all by surprise
CONTRACTS FOR TWO (2) ADVANCED SEMI-SUBMERSIBLE
ACCOMMODATION VESSELS DECLARED EFFECTIVE
Our announcement dated 8 November 2013 refers.
The Board of Directors of COSCO Corporation (Singapore) Limited (the ?Company?)
wishes to announce that contracts each in excess of USD200 million, awarded to COSCO
(Qidong) Offshore Co., Ltd., a subsidiary of the Company?s 51% owned subsidiary,
COSCO Shipyard Group Co., Ltd. for the engineering, procurement and construction of
two (2) semi-submersible accommodation vessels have been declared effective.
The vessels will be of Gusto MSC Ocean 500 design and will be equipped with 500 beds,
DP3 station keeping systems, 10-point chain mooring and 300 ton cranes. This will allow
for operations in both DP and anchored mode, providing maximum cost efficiency and
flexibility.
The vessels Safe Notos and Safe Eurus are scheduled for delivery in 2016.
Save for their respective shareholdings in the Company, none of the directors or controlling
shareholders of the Company has any interest, direct or indirect in the contracts.
Barring any unforeseen circumstances, the contracts are 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 2013.
By Order of the Board
Wu Zi Heng
Vice Chairman and President
25 November 2013
COSCO Zhoushan Shipyard was rated AA Customs enterprises
2013-11-26 08:08:34 Source: International Ship Network
Recently, under the guidance of Zhoushan helping customs, COSCO Zhoushan Shipyard ( location Comments News Jobs ) Engineering Co. was named Class AA Customs Management Enterprise, became the first Class AA Zhoushan shipbuilding enterprises.
" The international economic situation of these years of our shipbuilding business a great impact on the current assessment of the customs Class AA enterprises can enjoy a range of customs facilitation, let's hope we see a rally in the face of adversity." COSCO Shipyard Yao Fei, deputy general manager said.
COSCO Shipyard where the company is located in southern Liuheng Zhoushan Islands, the current bridge yet to be connected with the Zhoushan Island, and from still rely on boats. According to the degree of credit companies, COSCO Shipyard applied for a Class AA management companies.
According to reports, in accordance with our corporate compliance with customs laws and regulations, operation and management, as well as customs supervision, statistical records, etc., set the AA, A, B, C, D five management categories. Which, AA class enterprise is the highest credit rating, the selection is also the most stringent. A business only if they meet the applicable class more than 1 year, the error rate of the previous year, import and export declarations below 3% or less, no bad records and other conditions, it may apply to the customs, the customs inspectors verified by approved by the General Administration of Customs in order to obtain the AA class enterprise qualification. After becoming the customs Class AA enterprises engaged in processing trade business can enjoy free to open a bank deposit account, the priority for the goods declaration, inspection and clearance procedures for import and export of goods classified priority and laboratory procedures and other convenient regulatory approach.
" AA class enterprise selection, involving many aspects of internal control management, trade security situation and so on, for the first time declared eligible, companies often do not have the experience." Zhoushan customs inspection section chief Chen said, " 'COSCO' had to Customs for participating when you know nothing about, and we set up a business liaison, ready for the enterprise to solve the problem.
Help enterprises solve their practical difficulties has been the aim of Zhoushan customs work. In addition to great efforts to cultivate high-credit enterprises, but also with local customs Zhoushan shipbuilding, offshore fishing and fish processing and other pillar industries of production and operation, and timely understanding of business needs, the initiative to provide policy analysis, to help businesses use of state policies.
Currently Zhoushan customs territory enterprises have developed two AA, A class business 65, 20 percent possession of the actual number of import and export business enterprise.
New123 ( Date: 22-Nov-2013 18:07) Posted:
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Cosco News contract wins
Scorpio custom-made 8 64000DWT bulk carriers ( cosco Guangdong win 4 )
2013-11-25 08:56:20 Source: International Ship Network
According to foreign media reports, Scorpio Bulkers continue Dingzao ultramax type bulk carrier ( ship shipyard trading ), recently with the Korea Ship ( Location Reviews News ) Heavy Industries and COSCO Guangdong signed a four 64000DWT each bulk carrier construction contracts.
About 64000DWT bulk carrier newbuilding prices Scorpio Bulkers not disclosed, sources said the new vessels will be delivered end of 2015 and early 2016.
Including the order, including, Scorpio Bulkers ultramax of new bulk carriers to reach 34. In addition, the company also has 10 kamsarmax bulk carriers of new orders.
CONTRACTS FOR TWO (2) ADVANCED SEMI-SUBMERSIBLE
ACCOMMODATION VESSELS DECLARED EFFECTIVE
Our announcement dated 8 November 2013 refers.
The Board of Directors of COSCO Corporation (Singapore) Limited (the ?Company?)
wishes to announce that contracts each in excess of USD200 million, awarded to COSCO
(Qidong) Offshore Co., Ltd., a subsidiary of the Company?s 51% owned subsidiary,
COSCO Shipyard Group Co., Ltd. for the engineering, procurement and construction of
two (2) semi-submersible accommodation vessels have been declared effective.
The vessels will be of Gusto MSC Ocean 500 design and will be equipped with 500 beds,
DP3 station keeping systems, 10-point chain mooring and 300 ton cranes. This will allow
for operations in both DP and anchored mode, providing maximum cost efficiency and
flexibility.
The vessels Safe Notos and Safe Eurus are scheduled for delivery in 2016.
Save for their respective shareholdings in the Company, none of the directors or controlling
shareholders of the Company has any interest, direct or indirect in the contracts.
Barring any unforeseen circumstances, the contracts are 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 2013.
By Order of the Board
Wu Zi Heng
Vice Chairman and President
25 November 2013
Peter_Pan ( Date: 23-Nov-2013 20:50) Posted:
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Peter_Pan ( Date: 23-Nov-2013 20:50) Posted:
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ascend88 ( Date: 23-Nov-2013 17:58) Posted:
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The vessels will be the most advanced and flexible units for worldwide operations excluding Norway, and will be ready for operations in 2016.
The units will be of Gusto MSC?s Ocean 500 design, and will be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300 tonne cranes. This will allow for operations in both DP and anchored mode, providing maximum cost efficiency and flexibility.
The contracts are in excess of USD 200 million for each of the two vessels. The vessels will be financed through cash flow from operations, existing debt commitments and new debt facilities.
The two new vessels reinforce Prosafe?s position as world leader in offshore accommodation, in line with the company?s long-term industrial strategy. Prosafe?s continued objective is to remain cost-effective in terms of both construction and future capital expenditure and to own and operate the most versatile fleet for year-round worldwide operations.
The vessels will be named Safe Notos and Safe Eurus, joining Prosafe?s other newbuilds Safe Boreas and Safe Zephyrus, all named after the gods of wind in Greek mythology.
may attempt to test 74 cents . hopefully can goes back to 80 cents and above.
Passive $ - http://mmm959.wix.com/phua
NoMoney ( Date: 15-Nov-2013 07:05) Posted:
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COSCO Shipyard: further development of marine
Source: China Ship Online 2013-11-15 14:14:33
2013, COSCO Shipyard tightly around the " order is the last word, is hard power delivery, cost competitiveness, innovation is the source of power," the guidelines, give full play to the existing marine engineering R & D and manufacturing advantages, increase scientific and technological research and development efforts to enhance the management level, to ensure that production schedule and product quality, whether it is the total production or total orders, have achieved steady growth. According to statistics, the first three quarters of 2013, COSCO Shipyard achieve marine construction / modification company output value accounted for 2/3, orders totaled more than the same period of 2012.
Breakthrough technology support market
Although the marine market to achieve a " one step ahead" , but COSCO Shipyard clearly recognize that, " one step ahead" easy, " steady first step." harder. Face tough competition in the market situation, the COSCO Shipyard will consolidate and enhance the marine equipment in the field of first-mover advantage as an urgent matter, give full play to advantages of a national marine research center and carry out design and development work to improve design efficiency and quality, promote the production and efficiency, and support marketing. Product diversification to meet the design requirements, based on the optimization of competitive products, and actively seek market share of existing products.
In the strong scientific and technological support, in 2013, not only in marine equipment traditional business to achieve a breakthrough, to undertake a semi-submersible rigs OCEAN500, Super116E jack-up drilling platforms, offshore support vessels constructed orders, two Sevan300-490 cylindrical marine life platform modification orders, series marine module construction orders, but also through the development of new products in the market competition, received a dual-fuel powered small LNG carrier orders in the development of energy-saving environmental protection has taken a new ship important step forward.
June 18, Nantong COSCO Shipyard partners - Norwegian Shipowners will two " SEVAN 300" cylindrical semi-submersible offshore platform life refit tasks Nantong COSCO Shipyard formal payment. " SEVAN 300" was originally cylindrical FPSO semi semi-submersible, according to the contract, Nantong COSCO Shipyard will transform it into a cylinder-type semi-submersible offshore rigs, which will be the world's first semi-submersible cylindrical marine life platform. " SEVAN" series of drilling platforms and rigs, construction started early this year, coupled with a cylindrical FPSO " Dana" project, a cylindrical marine products has become COSCO marine markets in the world iconic products. In the development of the international market, is committed to developing the three major domestic oil product market marine construction, 2013 to achieve a historic breakthrough - with China Oilfield Services Limited has signed two supply vessels and two 8000HP 9000HP AHTS ship construction contract.
Started delivering pavilions
October 28, Nantong COSCO Shipyard built for the Norwegian company Sevan Drilling's third cylindrical ultra-deepwater offshore drilling platform, " I hope the 3rd" delivered during the COSCO Shipyard Marine delivered to a climax. Since 2013, COSCO Shipyard has delivered the " T-17" " T-18" Drilling auxiliary ship, " Bangchak" jack-up barges and " Skyway" supporting transport barges and marine engineering module series. With Shanghai COSCO Shipyard to build a series of Petrobras FPSO modules smooth delivery, COSCO Shipyard shipbuilding and repair companies have been among the offshore construction market, while supporting enterprises in Dalian Di Shi, Nantong Di Shi, COSCO Dalian Jia Yang, Nantong COSCO shipping automation, ZTE and other sea and land on the market are also supporting each marine gains.
Baigezhengliu thousand sails compete, first by sea to sail Fen. 2013, Nantong COSCO Shipyard / COSCO Qidong Offshore continue to play a " leading big brother" role in helping enterprises within the system, to break Takumi, occupied the commanding heights of the domestic marine construction. February 25, Nantong COSCO Shipyard for British shipowners design and construction of the " Dana" (N487) cylindrical FPSO vessel (FPSO) started cutting board, the project is the construction of China COSCO first FPSO turnkey projects, opening up China's marine engineering equipment manufacturing industry FPSO vessel total package of its kind, marks the COSCO Shipyard in China's marine engineering equipment manufacturing industry once again to achieve a major breakthrough. 2013, Nantong COSCO Shipyard cylindrical deep-sea drilling platform " Hope the 3rd" , " hope the 4th" and the cylinder marine life platform, " I hope the 7th" , " Shun Feng No. 1" pipe-laying ship and the " Adams Tige Rui " pipelaying vessel while the construction and modification, ships, marine products while construction, production is booming, the development is gratifying.
To the " small but fine, small and specialized, small and mental, small and culturally," said a Shanghai COSCO Shipyard , by virtue of the " Sword Spirit" and sincere services into the offshore construction market, August 1, the successful built and delivered the first FPSO modules. The modules are the successful delivery of a milestone, marking the Shanghai COSCO Shipyard in marine technology on the basis of output achieved marine products manufacturing breakthrough, a new stage of transformation and upgrading.
Dalian Di Shi of China National Offshore Oil Corporation built " BZ25-1 / S TOWERYOKE" single point mooring project for ExxonMobil built single point mooring hitch completed and delivered, marking the COSCO Shipyard in FPSO single critical point mooring system design and construction of facilities and equipment on a new breakthrough, while achieving a national marine equipment manufacturing critical equipment made â??â??a major breakthrough.
Raise quality and efficiency complement each other
To achieve system-wide offshore construction go hand in hand an excellent situation, in September 2012, COSCO Shipyard Marine Division was established in Nantong COSCO, COSCO Qidong marine business professional management as the basis to further optimize and improve Singapore's marine management within the system gradually offshore business project management, technology, key equipment procurement professionals to implement functions such as line management, to improve the overall management of marine manufacturing level, management level, improve production efficiency.
2013, Marine Division, make full use of their own experience, on the one hand to strengthen their role to play, the other guiding each company to establish a sound system of marine management, organizing various training courses to enhance system-wide enterprise management and marine engineering related business level. In order to regulate offshore project management, in June 2012, according to the characteristics of marine construction projects, COSCO Nantong COSCO Shipyard information center and a special project team composition, start the development of marine document management system. March 2013, the system developed, followed in Nantong COSCO Shipyard / COSCO Qidong Offshore formally launched. The use of the system for the formation of offshore project document management standard processes and lay a solid foundation.
Each company all the way to discover, manage frequent tactics. Guangdong COSCO Shipyard to carry out " Marine Star " contest, strive to promote the production organization and management of marine projects, to create a" dare to face, courage to act, to take the result, " the cultural atmosphere. Involved in the manufacture of marine COSCO Zhoushan relatively late, all the way and steady efforts to forge their own advantage. Japanese shipbuilding system implementation using the dispatching system favorable opportunity, a bold attempt at FPSO, PSV and other marine products introduced standardized Japanese faction construction workers, promote standardized management of marine, marine products effectively improve efficiency, FPSO, PSV and other marine Project production schedule has been effectively guaranteed. Dalian COSCO deepening process for improvement, cantilever jack-up drilling platform thick plate precision cutting to be successful, not only for the entire project to save a lot of money, but also broke the COSCO Shipyard thick cut bottlenecks.
Through technological innovation and management improvement, COSCO Shipyard 2013 marine equipment R & D and manufacturing maintained a good momentum of development, not only in the company repair, shipbuilding and marine engineering " three industry simultaneously" and thriving, more robust domestic first-mover advantage, further enhance competitiveness in international markets, will then show glory, forefront, to achieve greater development.
this is good information....they have already won a few of this rigs...and now..the price is higher.....
gooooood....
Hawkeye ( Date: 14-Nov-2013 21:37) Posted:
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Cosco jack up Drilling 116E dry bulk carrier of 64,000dwt
COSCO SECURES OFFSHORE AND SHIPBUILDING CONTRACTS TOTALING
OVER USD380 MILLION The Board of Directors of COSCO Corporation (Singapore) Limited (the ?Company?) is
pleased to announce that shipyards, which are subsidiaries of the Company?s 51% owned
subsidiary COSCO Shipyard Group Ltd, have secured contracts totaling over USD380
million to build two jackup drilling rigs and one bulk carrier as follow:
1. COSCO (Dalian) Shipyard Co. Ltd
Contracts from a Bermuda company for two (2) LeTourneau Super 116E jackup drilling
rigs, scheduled for delivery in 1H2016 and 2H2016 respectively. The buyer has also
secured options for two (2) additional jackup drilling rigs.
2. COSCO (Zhoushan) Shipyard Co. Ltd
The contract under the first option, cited in our announcement dated 12 Sept 2013, to build
one (1) dry bulk carrier of 64,000dwt for a European buyer has been rendered effective.
The bulk carrier is scheduled for delivery in 2H2014.
Save for their respective shareholdings in the Company, none of the directors or controlling
shareholders of the Company has any interest, direct or indirect in the contracts.
Barring any unforeseen circumstances, the above contracts are 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 2013.
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=1022487
The gradual recovery of the international shipping market newbuilding prices accelerated
Source: International Ship Network 2013-11-15 09:45:51
With the gradual recovery of the international shipping market, South Korea's major shipyards began to selectively orders, new shipbuilding prices is accelerating upward trend.
November 8, British Clarkson new shipbuilding price index was 132 points, an increase of more than a week ago, 1:00. This year the traditional merchant orders - bulk carriers, container ships and oil tankers showed substantial growth trend in the first three quarters of the traditional merchant orders are more than last year's orders and newbuilding prices have bottomed out, the recent newbuilding prices is accelerating rise.
Clarkson new shipbuilding price index from the end of last year to the first half of this year, has been at around 126 points, while the second half continued to rise slightly, 127.5 points in late July, late August, 128.7 points, 129.5 points the end of September, 10 at the end broke through 130 points to 131 points , rose again last week to 132 points.
Shanghai China released new shipbuilding price index continued to rise, Chinese newbuilding price index from the end of this year, a 857 point rise in the end of September was 890 points, 10 more than 900 end-points, 907 points.
Insiders pointed out that, Clarkson new shipbuilding price index lagged the actual operation, taking into account recent new ship orders prices rising trend, it is expected that the index will continue to rise recently.
samson ( Date: 14-Nov-2013 23:22) Posted:
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