COSCO SHP SG    Last:0.128   -

Shipping company

is quite positive for the comp.think $1 soon.

 

FOUR SHIPBUILDING CONTRACTS BECOME EFFECTIVE
The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) is pleased to announce that four shipbuilding contracts signed by COSCO (Zhoushan) Shipyard Co., Ltd (“Cosco Zhoushan”) (a wholly-owned
subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) with a Hong Kong ship owner for the construction of four UT771CDL Platform Supply Vessels (PSVs) have been made effective on 21 December
2012 at a value of approximately US$119.2 million in total. Delivery of the above four vessels are expected to commence from first half of 2014.
In addition, within six months, the ship owner has an option to declare up to another four contracts for the construction of the same UT771CDL PSVs， which has a value of approximately US$119.2 in total. The Company will make
announcements as and when the shipbuilding contracts subject to such option are declared effective.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts.
As at the date hereof, the above four contracts that have been declared effective 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 2012.

 

admin needs to disable such large font sizes..I dont see why people have to use them on this forum

 

quote - The Board of Directors of COSCO Corporation (Singapore) Limited (the

“Company”) is pleased to announce that the contract (detailed in our

announcement of 10 September 2012) for one (1) unit of Harsh Environment

Semi-Submersible Accommodation Rig, signed by COSCO Qidong Offshore Co.,

Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard

Group Co., Ltd with Axis Offshore, a joint venture between Danish shipowner, J.

Lauritzen and Norwegian private equity fund, HitecVision, has been made

effective at a value of over US$200 million. The rig is scheduled for delivery in

Q1 2015.

 

Your font size so big misled me thought that Cosco is S$2 now !!!!

ruanlai      ( Date: 19-Dec-2012 16:16) Posted: COSCO Total Contracts won for 2012 till to dates are US$1205Millions

 

COSCO Total Contracts won for 2012 till to dates are US$1205Millions

 

COSCO SECURES CONTRACT VALUED OVER USD370 MILLION FOR ONE

(1) UNIT FPSO

The Board of Directors of COSCO Corporation (Singapore) Limited (the

“Company”) is pleased to announce that COSCO Nantong Shipyard Co. Ltd., a

subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co.

Ltd., has secured a contract valued over USD370 million from a European

company to build one (1) FPSO.

The FPSO will measure 78 meters in diameter, 32 meters high and will have a

storage capacity of up to 400,000 barrels of oil. The FPSO is scheduled for

delivery in June 2015.

 

looks like the gap between YZJ and COSCO is wider now. 10 cents different. It could be a good opportunity to short.

 

hopefully will move up with yzj and nol..

 

likely go back to 0.86 level

 

closing above 90 cents will be positive..

New123      ( Date: 05-Dec-2012 11:58) Posted: Yup! LOng... slslslsl      ( Date: 05-Dec-2012 11:53) Posted: agree, 0.86 is a good price to long. Since the gap  between Cosco and  YZJ is wider, the uptrend of Cosco is better than YZJ.

 

Yup! LOng...

slslslsl      ( Date: 05-Dec-2012 11:53) Posted: agree, 0.86 is a good price to long. Since the gap  between Cosco and  YZJ is wider, the uptrend of Cosco is better than YZJ.

 

agree, 0.86 is a good price to long. Since the gap  between Cosco and  YZJ is wider, the uptrend of Cosco is better than YZJ.

 

Sigh...

Sim bo lat...

Must jump ship to YZJ... 

 

nvm. 86 cents is good to add/long. 

slslslsl      ( Date: 04-Dec-2012 09:15) Posted: looks like you are right, will be 0.85 pretty soon.

 

looks like you are right, will be 0.85 pretty soon.

 

Hope Monday don't see 0.85 !!!!

 

Happened to two counters at the same time. Would it be too much of a coincidence to be a technical glitch? 

 

Ya man. Sgx needs to investigate. how can the system allow such hugh vol to be transacted during the closing time frame? This could b  a system fault or someone is trying to manipulate the system?

ruanlai      ( Date: 01-Dec-2012 11:20) Posted: sell off COSCO n NOL could be technical glitch

 

sell off COSCO n NOL could be technical glitch