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Ya gzijiang N Cosco

Guangdong COSCO Shipyard for 2 + 4 PSV orders
2013-10-17 08:44:37 Source: International Ship Web


It is reported that Guangdong COSCO Shipyard recently from Singapore Chellse get two UT 771WP type PSV construction contract, which is the third and the fourth ship of the fleet Chellsea UT type PSV, is expected to be delivered in 2015, the contract there are four options for orders PSV .

UT 771WP type PSV provided by the Rolls-Royce design and equipment packages. The series will be Asia's first introduced PSV wave-piercing bow PSV, harsh in choppy sea conditions to maintain the same speed and fuel consumption.


Rolls-Royce to provide the equipment package includes MTU ( ship hangar  location ) Host ( Product  Buying  supply ), the propulsion system ( Product  Buying  supplies ), power systems, batch processing system, deck machinery ( Product  Buying  supplies ), automation ( Product  Buying  Supply ) operating system and dynamic positioning systems.

 

Guangdong COSCO Shipyard assisted semi-submersible drilling platform construction started Edrill-3

Views: 650 Date :2013 -9-23

 

Guangdong COSCO Shipyard Offshore platform supply vessels operating

Views: 135 Date :2013 -10-23

 

It time to buy cosco now. below $0.85

 

 

Think shortist work.... They sell low try rush down but ...can't do much ... They sell down some supporters buy up ... Almost whole day.-. 

 

 

Really?   @:)

 

Yangzijiang shipping industry with Sesi Pan 5 million boxes ship orders take effect

Source: International Ship Network 2013-10-14 09:49:15 

 

 

Im still waiting for the 3.6billion  spaceship mention by Ms Samson to be announce...................

moneycow      ( Date: 10-Oct-2013 16:53) Posted: Samson work very hard - like BULL. When he starts to post all mostly negative news meant he cut and took profit - become Mr. Samson Bear :)

 

Samson work very hard - like BULL. When he starts to post all mostly negative news meant he cut and took profit - become Mr. Samson Bear :)

 

U.S. partisan stalemate loosen

10 OCT 15:27

Sina Finance YORK October 10 afternoon, according to " The Wall Street Journal," the United States to loosen partisan stalemate Wednesday, conservative Republican lawmakers raise the U.S. debt ceiling on short-term welcomed the proposal, House Republican leaders are preparing to meet with President Barack Obama , which is from the first meeting since the government shut down.

According to the participants, Mr Republican members of the House Budget Committee Chairman Ryan (Paul Ryan) on Wednesday presented to the Conservative peers prolonged the debt ceiling plan for 4-6 weeks, and a wide range of cutting the deficit to set up a framework for negotiations, according to Ryan planning, negotiating larger spending cuts, the next time the debt ceiling extension longer.

 

 

Jan-Sept China's new ship orders jumped 83.4% total, 38.7 per cent of total global

source: China Maritime Service 2013-10-09 11:31

October 8 industry data show that the first three quarters of this year, Chinese shipyards new ship orders surged 83.4 percent from a year earlier.

According to information provided by Clarkson, the first three quarters of Chinese shipbuilders won 11.68 million CGT orders over last year jumped 83.4 percent, accounting for 38.7% of total global orders. January-September, the Korean shipbuilders received a total of new ship orders 10.87 million compensated gross tonnage (CGT), compared to 5.76 million compensated gross tonnage. First nine months of this year, total new orders Korean shipbuilding companies accounted for 36% of total global orders, last year accounted for 31% of total global orders.

The first three quarters of the total global shipyard orders rose 62.6 percent from a year earlier to 30.22 million CGT. Meanwhile, the new shipbuilding prices also showing signs of recovery.

August Clarkson's newbuilding price index was 129 points, 128 points from July and June rose 127 points to gradually rise, so the shipbuilding industry insiders forecast that the market may be restored. Since November last year, Clarkson newbuilding price index has been hovering around 125 points. 2011 remained at 139 points in 2012 to 126.3 points.

Insiders pointed out that the steady increase in new shipbuilding orders, but the new ship prices are still low compared with the previous two years, which means that the shipbuilding industry in the near future will not be significant recovery.

 

 

Chinese shipyards " stolen" the Singapore marine orders

Source: British " Financial Times" 2013-10-09 10:13:47

Whether in the choppy waters of the North Sea, Latin America's deep trench near the mainland, or often by the Gulf of Mexico hurricanes, a global oil and gas drilling to provide the necessary offshore drilling platform competitions now kicked off.

Over the years, from the Asian city-state of Singapore 's two companies - Keppel Group (Keppel) and SembCorp Marine (Sembcorp Marine) - dominate the market for the supply of such large equipment.

In shallow waters for so-called jack-up drilling rig field, the two companies occupy 70% of the total global market share. Keppel and PEMEX (PEMEX) on Friday signed an agreement to build and operate in Mexico jackup drilling a production boat dock.

Keppel and Sembcorp or semi-submersible drilling platform, the main supplier of this platform is the use of deep-sea drilling.

But Singapore is now beginning to feel the competition first started the heat of competition from China and South Korea's emerging opponent. China and South Korea are working from the Gulf of Mexico, offshore Brazil and West Africa drilling boom slice, and has started independent production jack-up drilling rigs and other equipment.

In the three months ended September, Chinese shipyards got eight jackup drilling ship orders, and Singapore companies only got three orders - this is the first time in China on orders over competitors.

Research institutions Religare data provided so far this year, Chinese shipyards received orders from the jack-up rig has accounted for 45% of total global orders, while the amount calculated according to the contract, China has accounted for the amount of orders received global order 32% of the total amount.

South Korean shipyards are also struggling to open up the market, Daewoo Shipbuilding and Marine Engineering Company announced that the company received since 1983, the first jackup drilling ship orders.

? Religare analyst Vincent Fernando (Vincent Fernando) said: " There is evidence that, in the flagship product from the jack-up rig areas, Singapore 's shipyards face competition from Chinese and South Korean shipyards competition, this competition is becoming increasingly intense. "

He pointed out that China's shipbuilding enterprises Shanghai Waigaoqiao Shipbuilding Co., Ltd. (Shanghai Waigaoqiao) recently won the French oil company Total (Total) a three-year contract, will be a Total oilfield in the North Sea to provide services.

Competition may be two Singapore companies - Keppel Group and Sembcorp - great impact. Both companies are listed on the Singapore Stock Exchange company, to marine-related business as the main source of profits.

Macquarie (Macquarie) pointed out that in Brazil, Mexico and Africa's " Golden Triangle" Sea Development 1000 deep wells, approximately $ 650 billion of capital expenditures. The agency is expected, which will continue to promote this began in 2011 the construction boom of the drilling platform, is expected this boom will continue for 3-5 years.

Macquarie also noted that the jack-up drilling rig orders will continue to grow, as is currently being used in most of jack-up rigs are old or obsolete, built in the decade up to 1985 shipbuilding boom.

Analysts say the jack-up rig is Singapore's most serious challenges facing the field. Chinese shipyards have been providing cheap loans to the buyer, as well as favorable payment terms. For example, Chinese shipyards only requires the buyer to pay a 5% down payment, while Singapore shipyard usually require a 20% down payment.

But relative to competitors from China, Singapore shipyard still has some advantages.

Keppel Offshore & Marine Corporation (Keppel Offshore & Marine) COO Zhouyao Yuan (Chow Yew Yuen), said drillers exploration work has a strict timetable, so you must determine the time of delivery of drilling equipment and are willing to veteran shipbuilding Factory to pay a premium to ensure that meet their needs to buy drilling equipment.

In contrast, Chinese shipyards generous loans and favorable payment terms easily attracted speculators - this is a major feature of the drilling industry - these speculators will then drilling equipment " down" to other buyers.

Zhouyao Yuan said: " We can not offer the same favorable payment terms, so we have to focus on improving product reliability and to improve the design."

Analysts also believe that the financial strength of the weak Chinese shipyards will inevitably have been out of the market. An obvious example is headquartered in Singapore 's maritime services company SwissCo Holdings, recently canceled the shipbuilding enterprises from China Rongsheng Heavy Industries (Rongsheng) Purchase two jack-up drilling rig contract. Rongsheng Heavy Industries is currently operating difficulties.

The key point is that China has not Keppel shipyard and Sembcorp as experience in multinational operations. Keppel and Sembcorp years has been in overseas operations dock (such as Keppel coming up with Pemex in Mexico, co-constructed dock), which narrowed them with Brazil, the Caspian Sea (Caspian Sea) and other key markets end customers distance.

CIMB Bank (CIMB) analyst Lim Siew Khee said: " We believe that people are Chinese shipyards 'stole' Singapore companies drilling equipment orders fears overdone. "

Although the South Korean market for drilling rigs in Singapore, poses a great threat, but Zhou Yaoyuan that Keppel " does not intend" in the " low-end market" is used in the initial phase of oil exploration vessels to compete with South Korea.

But analysts said the Chinese shipyard to improve their product quality and reliability is just a matter of time. Fernando pointed out, Dalian Shipbuilding Industry Group (Dalian Shipyard) and Nantong COSCO Shipyard Group (Cosco Nantong) belong to " is not limited to the construction of low-end vessel" of the enterprise.

Zhouyao Yuan said that, in addition, last month in New York organized by Barclays (Barclays) organized an energy conference, he noted that the attitude of the participants offshore drilling business has changed. Some drillers began to discuss the Chinese shipyard orders possibilities.

When asked about the Singapore shipyard can also sit back and relax long time, Zhouyao Yuan said: " I think, in fact, they may have three years."

 

Fed President Yellen or into Asian markets rebound

At 11:44 on October 9, 2013     Sina Finance

Sina Finance YORK October 9 morning news Japan and Australian stocks rose on Wednesday morning from intraday lows, the U.S. budget impasse in the negotiations was to bring pressure on Asian markets.

The good news is, according to " The Wall Street Journal" reported that Obama will Timingyelun as Fed chairman. Yellen and Bernanke's policy stance is very similar, some people even think that she was more inclined than he relaxed.

U.S. stocks closed lower on Tuesday as investors worried that if you do not raise the debt ceiling, the U.S. Treasury's debt will default. While investors believe that the possibility of default is not large, but the deadline date has approached, and the quarrel between the bipartisan yet subsided. U.S. President Barack Obama warned that if the government is unable to pay the bill, then the U.S. economy will fall into chaos.

Another bad news is that the IMF [microblogging] yesterday to cut its forecast for global economic growth to 2.9%.

Benefit from the yen fell, the Nikkei index rose 0.5 percent, far from the intraday low. Australia's S & P / ASX 200 index rose 0.1%.

For the Asian markets, the focus is on China next week will be announced in early weekend trade and inflation data. (Ming Yu)

 

 

If the report is true then the price for USD27million for each 82,000dwt is dirt cheap. Cosco Singapore build for USD34million for each 82,000dwt in Nov 2011. Cosco in Feb 2012 secure USD27millin for 62,000dwt ship http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=Announcement13-24MonthsByCompanyNameAndCategory& F=99140

samson      ( Date: 08-Oct-2013 16:12) Posted: Yangzijiang secure 2 +4 bulk carrier ship orders Sam Carr 2013-10-08 08:49:43 Source :internation ship web End of September, Jiangsu New Yangzi Shipbuilding ( Position Comments News Recruitment ) Limited from the Norwegian Shipowners Torvald Klaveness company received 2 +4 vessels 82000DWT environmentally friendly bulk carrier ( ship yard sale ) order new ships delivered in 2015. The shipowner expand New Yangzi Shipbuilding orders of magnitude. According to foreign news, Klaveness New Yangzijiang Shipbuilding Company constructed a total of four ships, and also has eight alternative orders with the shipyard recently signed a new ship construction contract. Industry sources estimate that this order for each vessel price of approximately $ 27 million. It is reported that, Klaveness company has to secure 55% of the ship financing

 

Yangzijiang secure 2 +4 bulk carrier ship orders Sam Carr


2013-10-08 08:49:43 Source :internation ship web


End of September, Jiangsu New Yangzi Shipbuilding ( Position Comments News Recruitment ) Limited from the Norwegian Shipowners Torvald Klaveness company received 2 +4 vessels 82000DWT environmentally friendly bulk carrier ( ship yard sale ) order new ships delivered in 2015. The shipowner expand New Yangzi Shipbuilding orders of magnitude.

According to foreign news, Klaveness New Yangzijiang Shipbuilding Company constructed a total of four ships, and also has eight alternative orders with the shipyard recently signed a new ship construction contract. Industry sources estimate that this order for each vessel price of approximately $ 27 million.
It is reported that, Klaveness company has to secure 55% of the ship financing

 

 

Seaspan reorder 5 , 10 000 TEU container ship

2013-10-08 08:55:48 Source: International Ship Web

  Seaspan Corporation on September 30, said the company in Jiangsu New Yangzi Shipbuilding ( Location Reviews News Recruitment ) Limited and Jiangsu Yangzi Xin Fu ( Location Reviews News ) Shipbuilding Co., Ltd. has ordered five 10000TEU re-type large container ship ( ship shipyard trading ).

  The original contract for the alternative orders came into effect, the new ship will arrange the delivery in 2015 implemented. The five container ships will be used Seaspan's " SAVER" hull design, the owner said that these expectations will sign a long-term charter vessels contract. In addition, Seaspan company now has a total of 104, more than 790,000 TEU container ship fleet, including 31-2016 delivered before the end of the ship under construction.

 

Yangtzijiang shipping industry received 19 orders for new ships

2013-10-08 09:10:13 Source: International Ship Web



Yangzijiang Shipbuilding ( Position Comments News ) recently received six 208000DWT type large ore carriers ( ship yard sale ) (VLOC) orders.
Group announced recently signed a 4 +2 ship 208,000 tons-class VLOC construction contracts. But did not disclose the contract signed by the owner and newbuilding prices, but according to industry sources, each ship newbuilding price of approximately $ 55 million, the owner of Oldendorff Carriers company.

In addition to the new office outside the contract, the Yangtze River shipping industry also recently signed a 13 build effective alternative formal contract orders. Including Seaspan Corporation-made 5 10000TEU type large container ship ( ship yard sale ), 8 82000DWT type bulk carrier ( ship yard sale ). The 13 ship orders and the newly signed four VLOC orders totaled $ 871 million, the 17 vessels will be delivered in 2015-16.
In addition, the Yangtze River shipping industry now has $ 1.36 billion of 28 ($ 85,000 11 container ships, $ 510 million 17 bulk carriers) alternative orders.

 

Yangzijiang Shipbuilding - Wary of a False Dawn

Written By Stock Fanatic on Thursday, October 3, 2013 |

Sector recovery not convincing. There recent surge in BDI has fuelled rising anticipation for a recovery in the shipping market, and expectations for a return in shipbuilding orders. 

We do not see a broadbased recovery for Chinese shipbuilders yet as 

(1) rise in BDI was led mainly by rate hikes for capesize vessels, 

(2) container freight rates remain weak, and 

(3) yard overcapacity issue lingers. 

We fear that YZJ?s recent rise in share price may meet with downward pressure when shipping market recovery story disappoints. Downgrade to Sell, SOTP-based TP at SGD0.98.

Shipbuilding prices not likely to rise significantly yet

The new wave of shipbuilding orders is expected to be driven by structural switch to fuel-efficient vessels rather than the need for new capacity. Korean shipbuilders hold the lead for such vessels while competitiveness for Japanese shipbuilders have re-emerged with the lower Yen. Therefore we do not see shipbuilding prices picking up significantly. In comparison to 2008 peak, average price is at least 30% lower currently. 

Thus, while there may be some short-term spike in new orders, we still see margin contraction and EPS decline for YZJ?s core shipbuilding business for FY13-15F as higher margin contracts are depleted from orderbook.

YZJ is a still a standout yard

We have no doubt that YZJ stands out among the Chinese shipyards. This view was reinforced after our recent visit to its JNYS and Xinfu yards in Jiangsu, PRC. We witnessed vessel launch of Chinese shipyards? first 10,000teu containership, which is being built by YZJ. This clearly demonstrates its superior expertise relative to many Chinese shipyards. It is building a total of 16 such units for Seaspan which includes an option for 9 more.

But lift in sector valuation level is fragile

We agree YZJ would be the best proxy to ride a shipbuilding recovery cycle, but we disagree that this is the turn. We think that the recent lift in valuation is fragile as it is not supported by future EPS growth with margin decline still in the cards. We argue that order win pickup is still not sufficient to drive EPS growth in the core shipbuilding business for FY13-15F as shipbuilding prices would remain capped. (Read Report)

Source : Maybank Kim Eng Research

 

Sell recommendations in Singapore
To fund the purchases, we would Sell Ezra Holdings and Singapore Airlines
(SIA). Ezra is in a build-up phase and, as such, has seen heavy expenses, which
have placed downside pressure on group earnings. Execution risks also appear
elevated for the group. We have a Sell on SIA because of high fuel prices, a
sluggish cargo business and downward pressure on passenger yields. Over the
longer term, we also worry about the competitive threat from LCCs and the
Middle Eastern airlines (like Emirates).