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CoscoCorp

I think it's just that many contracts happen to end in Q4, and not any intentional effort by mgmt to make Q4 look good artificially. Any alternative views on this?

What cosco is try to tell delivered 8 ships in Two months . ?

Good FQ 2009 result ?

Extract From The Edge 26 Jan 2010

Cosco unit delivers 2 new bulk carriers, M.V. Flag Alexandros and M.V. Annabo

Cosco Corporation (Singapore) says subsidiary Cosco (Guangdong) Shipyard Co. has delivered two new ships, 57,000 dwt bulk carrier, the M.V. Flag Alexandros and M.V. Annabo. Both bulk carriers, classed by NK, measure 189.99m long, 32.26m wide and 18m high, and have a draft of 12.8m and a navigation speed of 14.2 knots.

Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, rose 1.1% in London on Jan 22, taking gains in the past two days to 1.5%. Cosco Corp Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, lost 1.5% to $1.32. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dipped 1.7% to $15.40. .........extract from the Edge 25 Jan 2010

The 1Q Report will very Good for Cosco delivered 6 ships in Two months

Cosco Corporation (S) unit delivers new bulk carrier to European owners

Cosco Corporation (S) unit delivers new bulk carrier to European owners

Cosco Corporation (S) unit delivers new bulk carrier to European owners

Tags: Cosco Coporation (S)

Written by The Edge

Friday, 22 January 2010 13:44

Cosco Corporation (Singapore) says subsidiary Cosco (Dalian) Shipyard Co. has delivered a new build 57,000 dwt bulk carrier, the M.V. VLAZAKIS I, to its buyer, a European ship owner. Measuring 189.99 metres long, 32.26 metres wide and 18 metres high, M.V. VLAZAKIS I, has a draft of 12.8 metres, a continued voyage capacity of 18,000 nautical miles and a navigation speed of 14.2 knots.

DELIVERY OF NEW BUILD SHIP BY COSCO DALIAN
The Board of Directors of COSCO Corporation (Singapore) Limited (the “
announce that its subsidiary, COSCO (Dalian) Shipyard Co., Ltd. (“
subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) has
delivered a new build 57,000 dwt bulk carrier, the M.V. VLAZAKIS I, to its buyer, a European ship
owner (“
the buyer at COSCO Dalian on 21 January, 2010.
The bulk carrier measures 189.99 meters long, 32.26 meters wide and 18 meters high. Classed
by B.V. Classification Society, the M.V. VLAZAKIS I, has a draft of 12.8 meters, a continued
voyage capacity of 18,000 nautical miles and a navigation speed of 14.2 knots.
By Order of the Board
Jiang Li Jun
Vice Chairman and President

22 January, 2010

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D303D9360F1C49F8482576B2003C820F/$file/COSCO_Delivery_of_a_57K_ship_by_Dalian.pdf?openelementCompany”) wishes toCOSCO Dalian”) (being athe buyer”). The delivery documents were signed by and between COSCO Dalian and

No wonder it go up today. It delivered 5 ships in past one month and with such a fast speed, the share price shall catch up.

DELIVERY OF NEW BUILD SHIP BY COSCO DALIAN
The Board of Directors of COSCO Corporation (Singapore) Limited (the
“
Co., Ltd. (“
subsidiary, COSCO Shipyard Group Co., Ltd) has delivered a new build 92,500
dwt bulk carrier, the M.V. Ocean Garnet, to its European buyer. The delivery
documents were signed by and between COSCO Dalian and the buyer at
COSCO Dalian on 18 January, 2010.
The bulk carrier measures 229.2 meters long, 38 meters wide and 20.7 meters
high. Classed by Lloyd’s Register, the M. V. Ocean Garnet, has a navigation
speed of 14.1 knots and a continued voyage ability of 22,000 nautical miles.
By Order of the Board
Jiang Li Jun
Vice Chairman and President

19 January, 2010Company”) wishes to announce that its subsidiary, COSCO (Dalian) ShipyardCOSCO Dalian”) (being a subsidiary of the Company’s 51% owned

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B0557E7196E3802E482576B00034A374/$file/COSCO_Delivery_of_one_built_ship_by_Dalian.pdf?openelement

Cosco unit delivers M.V. Ocean Garnet bulk carrier to European buyer

Written by The Edge
Tuesday, 19 January 2010 18:43
Cosco Corporation (Singapore) says subsidiary Cosco (Dalian) Shipyard Co. has delivered a new build 92,500 dwt bulk carrier, the M.V. Ocean Garnet, to its European buyer. The bulk carrier measures 229.2 metres long, 38 metres wide and 20.7 metres high. Classed by Lloyd’s Register, the M. V. Ocean Garnet, has a navigation speed of 14.1 knots and a continued voyage ability of 22,000 nautical miles.

Written by The Edge
Tuesday, 19 January 2010 18:43
Cosco Corporation (Singapore) says subsidiary Cosco (Dalian) Shipyard Co. has delivered a new build 92,500 dwt bulk carrier, the M.V. Ocean Garnet, to its European buyer. The bulk carrier measures 229.2 metres long, 38 metres wide and 20.7 metres high. Classed by Lloyd’s Register, the M. V. Ocean Garnet, has a navigation speed of 14.1 knots and a continued voyage ability of 22,000 nautical miles.

Written by The Edge

Tuesday, 19 January 2010 18:43

Cosco Corporation (Singapore) says subsidiary Cosco (Dalian) Shipyard Co. has delivered a new build 92,500 dwt bulk carrier, the M.V. Ocean Garnet, to its European buyer.

The bulk carrier measures 229.2 metres long, 38 metres wide and 20.7 metres high. Classed by Lloyd’s Register, the M. V. Ocean Garnet, has a navigation speed of 14.1 knots and a continued voyage ability of 22,000 nautical miles.

Somebody accumulating @ $1.36.

Bruise Black Chips !

What is BBC?

Cosco Singapore is Shipbuilder... NOL is Shipping.... both also BBC of the year 2009 !!

Cosco, container lines see ‘significant’ traffic rise in 2010

China Cosco Holdings Co., Asia’s biggest shipping company by market value, and 14 other container lines, expect a “significant” increase in transpacific cargos this year on rising US consumer confidence.

Vessel utilisation levels will remain in the mid-high 90% range on most trade segments in the coming months, the Transpacific Stabilization Agreement said in an e-mailed statement yesterday. Cargo traffic likely fell as much as 20% last year, it said.

Holiday sales in 2009 were “better-than-expected” after increased U.S. consumer spending spurred retailers to replenish inventories, the statement said. The group is focusing on raising cargo rates in the second half of the 2009-10 contract year, the statement said.

The TSA’s other members are Neptune Orient’s APL unit, China Shipping Containers Lines Co., Evergreen Marine Corp., Hanjin Shipping Co., Hapag-Lloyd AG, Hyundai Merchant Marine Co., Kawasaki Kisen Kaisha, Nippon Yusen K.K., Orient Overseas (Internationaland Yang Ming Marine Transport Corp.

http://www.theedgesingapore.com/the-daily-edge/business/11657-cosco-container-lines-see-significant-traffic-rise-in-2010.html

If it's true, it explains the recent upward price movement....

Oops! $500mil contract, not $50m.

blackstreams ( Date: 14-Jan-2010 20:25) Posted:

Rumours floating on the market that COSCO secured a $50m contract today. Hope its true.

Jackpot2010 ( Date: 14-Jan-2010 18:11) Posted:

Cashflow 3Q09: their trade payables were reduced from $4.4b (3Q08) to $3.7b (3Q09) - i.e. creditors being paid off, that's why negative c/flow. Despite this net cash bal 3Q09 is healthy, maintained at $1.47b (vs $1.53b 3Q08).

Rumours floating on the market that COSCO secured a $50m contract today. Hope its true.

Jackpot2010 ( Date: 14-Jan-2010 18:11) Posted:

Cashflow 3Q09: their trade payables were reduced from $4.4b (3Q08) to $3.7b (3Q09) - i.e. creditors being paid off, that's why negative c/flow. Despite this net cash bal 3Q09 is healthy, maintained at $1.47b (vs $1.53b 3Q08).

Sentiments exactly! Good time to build position in Cosco. Bought some towards end of last year before the big rise, regret not buying more... I'm confident that 4Q09 results will be better than expected (which will be largely due to the increase in number of vessel deliveries that we have seen in 4Q), i.e. much less than the 70-80% drop in net profits YOY like in Q2 and Q3. It's stock price will then shoot up. Cosco's operations are also quite diverse and not as niche as YZJ, e.g. it is capable of producing cutting edge Sevan Drillers, and demand for such oil rigs will likely go up with increasing oil prices. Its huge scale, like you mentioned, coupled with its large cash position, will make it highly resilient to stormy weathers ahead. In my opinion, the prospects are really quite bright indeed.

Just curious, under 3Q09 cash flow statement, there is a sharp dip of -S$310M under the line trade and other payables, whereas in 3Q08, this figure is +S$739M. Can anybody help to shed some light?

paul1688 ( Date: 14-Jan-2010 14:58) Posted:

My view. The description "ship builder" has several perspectives to it ... ship repair, engineering, rig builder. The scale of Cosco is huge even among the shipyard community. I do not see their order books "rapidly decreasing" even though the last one year they had cancelled or postponed orders for new vessels. It's like saying Boeing will "die" if aviation industry is in the doldrum - take a supermassive economic downturn to kill a company like Cosco which of course means many companies on SGX will also die. This doomsday scenario is not likely in my opinion. If the sector pick up, I think Cosco will in fact come out much stronger. Between Cosco and a company like NOL, I would stake my bet on Cosco. The only reason a company like Cosco can "die" is if there is financial mismanagement - this would be true for ANY company.

Disclaimer : Vested in YZJ, not Cosco but always looking at it keenly.

grandmaster89 ( Date: 08-Jan-2010 16:54) Posted:

Bro,

Cosco is primarily a ship builder. It doesn't operate ships like NOL. Its small dry bulk fleet only accounts for 8% of their revenues. If they can't replenish their rapidly decreasing order books, they will die next year.

YZJ is underGoing CORRECTION....

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