My advise for shorties is to cover back now, before it is too late....
Hope its not shorties covering... just BB buying... shorties can cover later so that it will bring it higher... hahaha.
Dont be surprise to see more than 10% increase today.... And more to come... 2.30...
COSCO MORE PROJECT COMING IN JUNE 2011.
Too Many Goods News coming . TP 3.16
Since very month Also had news contract cominging.
REPORTS RELATING TO SEVAN MARINE ASA
_________________________________________________________________________
The board of directors (the “Board”) of COSCO Corporation (Singapore) Limited (the
“Company”) refers to recent reports relating to Sevan Marine ASA.
The Board wishes to clarify that all the 4 vessel building contracts entered into by the
Company’s subsidiaries with the Sevan group have all been entered into with subsidiaries of
Sevan Drilling ASA (a subsidiary of Sevan Marine ASA and which the Board understands is
separately listed in Oslo) and not with Sevan Marine ASA.
The Board further wishes to state that the payments from the Sevan Drilling group of
companies in connection with the contracts stated above have, to-date, all been made in
accordance with the payment schedules applicable to the respective contracts.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
======================================================
TWO (2) CONTRACTS FOR SEVAN 650 DRILLING UNITS BECOMES EFFECTIVE
_________________________________________________________________________
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes
to announce that COSCO (Qidong) Offshore Co., Ltd (“COSCO Qidong”), a subsidiary of the
Company’s 51% owned subsidiary COSCO Shipyard Group Co Ltd, has pursuant to a letter
of intent dated 24 March 2011, in respect of 2 turn-key EPC (Engineering, Procurement and
Construction) contracts (the “EPC Contracts”) entered into and made effective formal
agreements with Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI Pte Ltd. COSCO
Qidong will undertake to perform EPC and installation for delivery of (2) two drilling units
based on the Sevan design (Sevan 650). The contract price for each drilling unit is
approximately USD525 million.
Deliveries of the drilling units under the EPC contracts are expected to take place in the
fourth quarter of 2013 and the second quarter of 2014, respectively.
None of the directors or controlling shareholders of the Company has any interest, direct or
indirect in the above transactions.
The above transactions are not expected to have a material impact on the net tangible
assets and earnings per share of the Company for the year ending 31st December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
USD 114 MILLION CONTRACT FOR OCTABUOY TOPSIDE MODULE BECOMES
EFFECTIVE
_________________________________________________________________________
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes
to announce that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51%
owned subsidiary COSCO Shipyard Group Co., Ltd, has entered into and made effective
formal agreement (valued at USD114 million) with ATP Oil & Gas (UK) Limited, a subsidiary
of ATP Corporation, for the construction of “Octabuoy Topside Module” –Octabuoy Phase 2.
The first phase of Octabuoy(hull) is scheduled for delivery by end 2011.
Engineering work for Octabuoy Topside Module has commenced at COSCO Nantong
Shipyard since April 2008. Octabuoy Topside Module is scheduled for delivery in the third
quarter of 2013.
None of the directors or controlling shareholders of the Company has any interest, direct or
indirect in the above transaction.
The above transaction is not expected to have a material impact on the net tangible assets
and earnings per share of the Company for the year ending 31st December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
3 positive annc over lunch
---------------------------------------------------------------------------------------------------------------------------
REPORTS RELATING TO SEVAN MARINE ASA
__________________________________________________ _______________________
The board of directors (the “Board”) of COSCO Corporation (Singapore) Limited (the
“Company”) refers to recent reports relating to Sevan Marine ASA.
The Board wishes to clarify that all the 4 vessel building contracts entered into by the
Company’s subsidiaries with the Sevan group have all been entered into with subsidiaries of
Sevan Drilling ASA (a subsidiary of Sevan Marine ASA and which the Board understands is
separately listed in Oslo) and not with Sevan Marine ASA.
The Board further wishes to state that the payments from the Sevan Drilling group of
companies in connection with the contracts stated above have, to-date, all been made in
accordance with the payment schedules applicable to the respective contracts.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
-----------------------------------------------------------------------------------------------------------
TWO (2) CONTRACTS FOR SEVAN 650 DRILLING UNITS BECOMES EFFECTIVE
__________________________________________________ _______________________
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes
to announce that COSCO (Qidong) Offshore Co., Ltd (“COSCO Qidong”), a subsidiary of the
Company’s 51% owned subsidiary COSCO Shipyard Group Co Ltd, has pursuant to a letter
of intent dated 24 March 2011, in respect of 2 turn-key EPC (Engineering, Procurement and
Construction) contracts (the “EPC Contracts”) entered into and made effective formal
agreements with Sevan Drilling Rig V Pte Ltd and Sevan Drilling Rig VI Pte Ltd. COSCO
Qidong will undertake to perform EPC and installation for delivery of (2) two drilling units
based on the Sevan design (Sevan 650). The contract price for each drilling unit is
approximately USD525 million.
Deliveries of the drilling units under the EPC contracts are expected to take place in the
fourth quarter of 2013 and the second quarter of 2014, respectively.
None of the directors or controlling shareholders of the Company has any interest, direct or
indirect in the above transactions.
The above transactions 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
st
December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
----------------------------------------------------------------------------------------------------------------------
USD 114 MILLION CONTRACT FOR OCTABUOY TOPSIDE MODULE BECOMES
EFFECTIVE
__________________________________________________ _______________________
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes
to announce that COSCO (Nantong) Shipyard Co., Ltd, a subsidiary of the Company’s 51%
owned subsidiary COSCO Shipyard Group Co., Ltd, has entered into and made effective
formal agreement (valued at USD114 million) with ATP Oil & Gas (UK) Limited, a subsidiary
of ATP Corporation, for the construction of “Octabuoy Topside Module” –Octabuoy Phase 2.
The first phase of Octabuoy(hull) is scheduled for delivery by end 2011.
Engineering work for Octabuoy Topside Module has commenced at COSCO Nantong
Shipyard since April 2008. Octabuoy Topside Module is scheduled for delivery in the third
quarter of 2013.
None of the directors or controlling shareholders of the Company has any interest, direct or
indirect in the above transaction.
The above transaction is not expected to have a material impact on the net tangible assets
and earnings per share of the Company for the year ending 31
st
December 2011.
By Order of the Board
Jiang Li Jun
Vice-Chairman and President
30 May 2011
Waiting for it to rebound back to 2.30 tp ^^
Appear to be rebound strangely with no solid good news, will it sink heavily closing ????????
It has been delayed by so many tricks.... Now the rebound will be even stronger.... 2.30 will not be long...
I hope so... Master Isolator any comment???
Markets always full of surprises... But base on present behaviour it is going to rebound strongly....
Dont ask for timeframe as I cant tell.... I can know it wont be long....
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