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101-120 of 175
Resistance 1.82 broken.
http://www.nextinsight.net/index.php?option=com_content& view=article& id=3641& Itemid=1
YANGZIJIANG SHIPBUILDING stock was heavily traded yesterday with
20.4 million shares changing hands on a rising swell of reports
highlighting the very likelihood that the shipbuilder has signed a
letter of intent with Seaspan Corp. to build 22 units of 10,000 TEU
containerships worth over US$2bn (including options).
this one can buy?
| Yangzijiang pens 2,500TEU's |
 
Torvald Klaveness Group of Norway, primarily an owner and operator of dry-bulk vessels, has placed an order for four 2,500-teu vessels at Yangzijiang Shipbuilding in China with options for another two.
Klaveness said, “We think this market is interesting and have thus chosen to invest fairly considerably”.
In March last year, it made its boxship debut with the purchase of 1,740-teu Oceanlady (built 2004) for a reported $17m. The ship is now named Amundsen and is believed to have been bought jointly with Delphis. It appears the ship is now wholly owned by Klaveness.
Last June, Delphis was said to have bought the German-controlled, 3,091-teu Anke Ritscher and Wieland (both built 2004) for $30.9m each. Renamed Barry and Emirates Victory, respectively, they are now wholly owned by Klaveness, the owner says.
Last September, Klaveness declined to comment on reports it had placed an order for four 2,500-teu ships in China. But it now confirms the contract, saying the vessels will be delivered in 2013. They are said to be costing $40m each.
Published : March 28, 2011
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YZJ is going to retrace back to 1.85 and then 1.90-193 if broken to 2.01 resistance.
YZJ somehow, BB is keep a distance of about 20cts from Cosco.
ahpheng ( Date: 26-Mar-2011 16:44) Posted:
YZJ continue to move north with high volume after its cross-up confirmation on 24/3.
Without any bearish over cast shadow at $1.80 region, it indicates the bull is certain and remains strong.
On top of that, several indicators have also shown bullish sign on this counter.
Immediate resistance at $1.90 region.
Agree? |
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YZJ continue to move north with high volume after its cross-up confirmation on 24/3.
Without any bearish over cast shadow at $1.80 region, it indicates the bull is certain and remains strong.
On top of that, several indicators have also shown bullish sign on this counter.
Immediate resistance at $1.90 region.
Agree?
Hi there,
can you help? is it ok to get into this stock now? thanks so much for your opinion.
marubozu1688 ( Date: 20-Mar-2011 20:44) Posted:
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no up force now anyone have any idea if it is good time to go in now???
Good Buy and hold on to it
Kensonic77 ( Date: 21-Mar-2011 11:41) Posted:
1.70 done for 20 lot
Hoping for the best.
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| Bulker orders fall, boxships boom |
The newbuilding market is heading towards different directions. On one hand there’s the falling interest from dry bulk ship owners, whose demand for newbuildings seems to be waning.
On the other hand, there are their container shipping counterparts, who are returning to shipyards with their pockets full, looking to cash in on renewed hopes of a rise in global trade in the coming years.
According to the latest report from Golden Destiny, the past week was characterized by low activity in the bulk carrier segment and a bursting of activity in the post panamax container segment.
“The week ended with 11 orders reported in total, equalling a total invested capital around $612 mil, after the high activity of last week, indicating a 66% w-o-w decline. Chinese continue their ordering spree, as reports from China indicate that a private equity-led consortium has ordered 50 to 100 new container, tanker and dry-bulk ships, which will be leased to Chinese operators.
The deal is financed by a consortium led by Carlyle Group with Seaspan, Tiger Group and an affiliate of Denis Washinghton, between $5 billion and $10 billion, and is said to be one of the biggest shipping deals to date. The ships will be built in Chinese yards, where there is a lot of spare capacity and newbuilding prices are much more active” said the shipbroker.
In terms of invested capital, the container segment seem to be the most overweight as major liner operators continue investments for mega containerships.
Seaspan has penned a letter of intent with China’s Yangzijiang Shipbuilding to build 22 units of 10,000 TEU newbuildings including options. Germany's Hamburg Sud has gone back to South Korea’s Hyundai Heavy Industries for an order of 6 firm high reefer intake boxships of around 9,700 TEU, four options are also included with delivery from 2013.
In the bulk carrier sector, business has cooled off significantly, down by 9% from previous week activity, with Turkish owners being active and an undisclosed Greek owner ordering two plus optional two kamsarmaxes priced at $36 mil each with delivery in 2012.
In Gas sector, SK Shipping is understood to have signed one additional 82,000cbm LPG carrier at HHI which will deliver in 2Q 2013, said Clarksons.
Published : March 23, 2011
http://www.asiasis.com/view_new.php?bbs_id=news& doc_num=11276
YANGZIJIANG more container ships orders to come in.
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UPDATE ON THE USE OF IPO PROCEEDS AND PROCEEDS RECEIVED FROM THE ISSUANCE OF 83,555,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY TO QD ASIA PACIFIC LTD AS AT 31 DECEMBER 2010
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_31B433480EC705D24825785A002FA957/$file/Announcement20110321.pdf?openelement
1.70 done for 20 lot
Hoping for the best.
The combined newbuilding output of Chinese yards during January to February came to 8.46m DWT, decreasing by 7.8% y-o-y while new orders grew by 44.3% to 8.26m DWT.
According to the report released by the China Association of National Shipbuilding Industry (CANSI) on 17th, the combined order backlog at the end of February stayed in 194.66m DWT, increasing by 4.1% y-o-y.
Of the each total of newbuilding output, new orders and orderbook during the period, export ships accounted for 81.7%, 76.7% and 85.7% respectively.
In addition, the combined production values during January to February 2011 of 1,504 major shipyards in China increased by 22.1% year-on-year to CNY 99.7bn ($15.1bn).
In particular, the shipbuilding segment accounted for CNY 77.3bn of the whole production values, rising by 21.1% y-o-y, and ship-related businesses and the ship repair sector represented for CNY 11bn and CNY 10.1bn improving by 28.7% and 18.8% respectively.
Published : March 21, 2011
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Yangzijiang - Order book on top of US$2bln 22 no. 10,000 TEU is set to rise further.
Current observation, just pickup some at 1.70, will it hit my 1.50 pickup point or will it reverse, lets wait and see.
just wondering...when will sgx release the offical news?
Japanese shipbuilders declare force majeure post-quake
Tokyo: Some Japanese shipbuilders have declared force majeure on delays of newbuilding deliveries in the wake of the earthquake and tsunami catastrophe.
Steel materials and other marine equipment took a hit from the disaster.
Sumitomo Metal Industries' Kashima mill has ceased supplying steel plates to shipyards and other equipment makers such as Nippon Paint Marine Coatings, Niigata Power Systems have also suffered damages to their production facilities.
Meanwhile, Japan's Ministry of Land, Infrastructure, Transport and Tourism has announced that Onahama Shipyard located in Iwaki, Fukushima, saw all its facilities destroyed by the earthquake. As a block manufacturer this loss will further add to the woes of Japanese yards' supply chains. [18/03/11]
http://www.seatrade-asia.com//News/6795.html
China Shipyards poised to gain?
http://www.seatrade-asia.com//News/6788.htmlBlastoff ( Date: 18-Mar-2011 07:18) Posted:
Where did you get this info from? It was not reflected in the sgx announcement....
CheongCK ( Date: 17-Mar-2011 23:56) Posted:
Yangzijiang Shipbuilding bags $2bn of boxship orders
Shanghai: Details of the first investment made by the new big North American shipping investment collaboration that sees Canada’s Seaspan partner with The Carlyle Group and Tiger Group Investments. The venture plans to order up to $5bn worth of ships focusing mainly on the China market.
China’s Yangzijiang Shipbuilding has signed up to build 22 units of 10,000-teu newbuildings including options for the North American investors in deal worth more than $2bn with the first ship due in January 2014. [17/03/11]
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Where did you get this info from? It was not reflected in the sgx announcement....
CheongCK ( Date: 17-Mar-2011 23:56) Posted:
Yangzijiang Shipbuilding bags $2bn of boxship orders
Shanghai: Details of the first investment made by the new big North American shipping investment collaboration that sees Canada’s Seaspan partner with The Carlyle Group and Tiger Group Investments. The venture plans to order up to $5bn worth of ships focusing mainly on the China market.
China’s Yangzijiang Shipbuilding has signed up to build 22 units of 10,000-teu newbuildings including options for the North American investors in deal worth more than $2bn with the first ship due in January 2014. [17/03/11]
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Yangzijiang Shipbuilding bags $2bn of boxship orders
Shanghai: Details of the first investment made by the new big North American shipping investment collaboration that sees Canada’s Seaspan partner with The Carlyle Group and Tiger Group Investments. The venture plans to order up to $5bn worth of ships focusing mainly on the China market.
China’s Yangzijiang Shipbuilding has signed up to build 22 units of 10,000-teu newbuildings including options for the North American investors in deal worth more than $2bn with the first ship due in January 2014. [17/03/11]
