Cosco hit as low as 87c recently then it started to rebound yesterday, target 94.5c.

LIM & TAN
Cosco Singapore’s unit has won contracts from a
Singapore entity for the conversion of two semicompleted
hulls to high-end floating accommodation
units (“FAUs”) worth approximately US$170 million
each. The contract for the first unit is already effective,
whilst the second unit contract would be rendered
effective in six months’ times. This would bring its
year-to-date (YTD) order book to approximately
US$690 million, which is way behind management
guidance of US$2 billion for the full financial year.
 
http://www.remisiers.org/cms_images/research/Jun24-Jun28_2013/2406_LT.pdf
 
Hope the price can stay at $0.775 for tmr of\after market clase haha.
newbiexpert ( Date: 23-Jun-2013 19:30) Posted:
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Cosco's X factor
China's Cosco Shipyard Group is lining up an order for two drillships from a Texas newcomer.

The new X-Drill
The shipbuilder will construct the deepwater vessels at a cost of between $650m and $700m each for X-Drill of Houston, according to TradeWinds' sister newspaper Upstream.
The vessels can operate in depths of 3,660 metres, drilling down 15km.
They incorporate Ulstein's X-Bow design, with delivery anticipated in 2016.

New Build
DP3 AccommodationSemi-Submersible Vessel
¡°Neptuno¡±
Owner: COTEMAR S.A de c.v., Mexico
Dimension: 95 x 67 x 35.7 m
Displacement: 33,300 mt
VDL: 5,500 mt
Deck Area: 1,500 m2
Accommodation: 750 men
Class: DNV
Basic Design: Ocean500, GustoMSC
Detail Design: Cosco
Mooring Type: Stacking Mooring System
Telescopic Gangway: 38.5 m, +/- 8m
Deck Crane: 150mt x 1, 60mt x 1

Coming Soon.  Next Change.
COSCO CORPORATION SECURES CONTRACTS FOR TWO ACCOMMODATION UNITS VALUED OVER USD170 MILLION EACH
Good. Keep it up.
Wonder when the shipping industry will start moving up again.
gd foresight! Buy low sell high. Is gd to buy when ppl are scared of buying..Shipping will be turning around soon. This is just my view. Ship building will be booming in China..
ruanlai ( Date: 04-Jun-2013 07:51) Posted:
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COSCO Total Contracts won for 2012 till to dates are US$1205MillionCOSCO won the contract worth RMB$505millions. FMs are accumulating......Upside is very much higher than downside. BUY LOW when nobody want....... COSCO Total Contracts won for 2012 till to dates are US$1205MillionCOSCO won the contract worth RMB$505millions. FMs are accumulating......Upside is very much higher than downside. BUY LOW when nobody want.......
Cosco in Myanmar's project  ????
Its Cosco Shipyard delivered a semi-submersible drilling platform on 26 Sep 2012 called " Island Innovator" , which tilted up to four degrees on 31 May at a yard on Norway's west coast, forcing the evacuation of 63 workers, the third time rig safety was compromised by tilting in less than a year. The tilting was caused by a leak. Investigations on any breach of regulations are ongoing.
COSCO Total Contracts won for 2012 till to dates are US$1205MillionCOSCO won the contract worth RMB$505millions.
FMs are accumulating......Upside is very much higher than downside.
BUY LOW when nobody want.......
yes... don't know how long it can hold with TP 0.66
I think worst is not coming yet for this industry. Take care, bro.:)
ruanlai ( Date: 23-May-2013 09:46) Posted:
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Bad qtr is over.....
Looking ahead next qtr and six month down the road.......prospect is good.
FMs are loading up the shipping section now.
Cheap cheap LNG vessel. china shipyard always spoil market.
http://www.businessweek.com/news/2013-05-16/lng-ship-rates-fall-to-almost-two-year-low-as-price-gap-closes
LNG vessel shipping rate also fall.
 
ruanlai ( Date: 23-May-2013 09:19) Posted:
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COSCO won the contract worth RMB$505millions.
FMs are accumulating......Upside is very much higher than downside.
BUY LOW when nobody want.......
 
COSCO Total Contracts won for 2012 till to dates are US$1205Millions
COSCO winning tons of millions of Contracts......2013 will be a good year 
 
MISCELLANEOUS :: COSCO CORPORATION SECURES CONTRACT VALUED OVER USD TWENTY (20) MILLION FOR ONE (1) UNIT JACK-UP BARGE SEA-1250 | Aug 21 2012 |
 
MISCELLANEOUS :: COSCO CORPORATION SECURES USD170 MILLION CONTRACT FOR (1) ONE UNIT JACKUP DRILLING RIG | Aug 13 2012 |
 
MISCELLANEOUS :: COSCO CORPORATION SECURES CONTRACT VALUED OVER USD$200 MILLION FOR ONE (1) UNIT SEMI SUBMERSIBLE ACCOMMODATION VESSEL |
May 02 2012 |
MISCELLANEOUS :: COSCO SIGNED CONTRACT FOR NEW PURPOSE-BUILT INSTALLATION VESSELVALUED USD$150 MILLION | Mar 26 2012 |
MISCELLANEOUS :: COSCO SIGNS CONTRACT FOR 2 SELF ERECTING DRILLING TENDER BARGES  VALUED USD$220 MILLION | Apr 19 2012 |
MISCELLANEOUS :: COSCO CORPORATION SECURES CONTRACT VALUED USD$75 MILLION FOR ONE (1) TENDER RIG | Apr 12 2012 |
I love your chart analysis .... I also agree the COSCO will reach .94 quite soon ...
The latest contract win shows that ppl begin to see the value to award them projects ...
 
Usually the break thru project will rise eyebrows and then more contract will soon come .. and hopefully more good news soon and more profit also ... wait for yield dividends ..
 
Not bad at 3.5% this year ...
krisluke ( Date: 06-Nov-2012 14:13) Posted:
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