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Sound like the dance " how low can it be" ..
This counter is like everyday 52 weeks low. How low it could be lower?
COSCO seals 111K tankers
Date:2013-8-23, A contract for the construction of four 111,000-dwt crude /product carriers, signed between COSCO (Zhoushan) Shipyard and the European owner Frontfleet, has recently come into effect.
This is another major newbuilding order that COSCO (Zhoushan) has secured during the first half of 2013, following orders for platform supply vessels (PSVs), a 150m stinger barge and a 160m launch barge.
The tankers will measure 251.9 metres in length, 44 metres in breadth, 21.3 metres in height, and have a cruising speed of 14.6 knots, with an unrestricted sailing area.
Classed by DNV, the tankers will be capable of carrying both crude oil and refined oil with a flash point below 60 degrees centigrade.
The construction of the four vessels is to start one after another in 2014, whilst the deliveries are scheduled to take place in 2015.
27 August 2013
ZHONG XING SEA-LAND ENGINEERING CO., LTD. Is a joint venture enterprise between COSCO Shipyard group and Hophing(HK) Marine industrial CO.,LTD., which was established in 1985.She has won highly praise from both domestic and overseas clients because of experienced technicians, superior equipment and efficiency management mode. The company has been a subsidiary company of COSCO Shipyard Group after being regrouped and upgraded in 2001,then whose service scope and technology has been improved step by step.
The main service of the company included: marine repairs the installation ã??maintenanceã??andã??testã??ofã??engineeringonã??land(including petroleum platform and container) NDT thickness measurement ã??fire-extinguisherã??andã??life-savingã??appliances inspection Ship Materials, spare parts supply and food supply etc.
China: Zhongxing Engineering (subsidiary of the COSCO ) to Build Two Oil Tanker Superstructures
Posted on Aug 23rd, 2013
Recently, Zhongxing Sea-Land Engineering Ltd, a fully owned subsidiary of the COSCO Shipyard Group, entered into a contract with Guangzhou Shipyard International Company (GSI) to build a pair of 115,000-dwt oil tanker superstructures, as well as an LOI (letter of intent) to build two more superstructures for a pair of 308,000-dwt very large crude carriers (VLCCs).
This is the first product tanker superstructures Zhongxing Sea-Land has undertaken to build, as well as the largest in tonnage, which marks a new record for Zhongxing Sea-Land in the superstructure construction business.
Guangzhou Shipyard International is the biggest oil tanker builder in southern China. Hopefully the order will serve as a good beginning for the cooperation between GSI and Zhongxing Sea-Land. The two superstructures are scheduled to be delivered by the end of 2013.
Additional Work on P-63 Platform-Vessel Completed
Posted on Aug 26th, 2013
The P-63 platform-vessel ended being temporarily located in Ilha de Santana, in Macaé (RJ) on Friday (August 23), after being finished, strictly within the set period, additional works resulting from a change in the underwater layout of the wells was carried out to adhere to environmental licensing conditions.
The P-63, which is scheduled to start production on October 23, is among the new units coming on stream in 2013, contributing to an increase in the Companyâ??s oil production as well as reaching production targets forecast in the 2013-2017 Business and Management Plan.
With a capacity to process 140,000 barrels/day of oil and compress one million m3/day of gas, the unit continues on its journey, with the help of tugs, to its final destination in the Papa-Terra field in the post-salt Campos Basin, operated by Petrobras (62.5%) in partnership with Chevron (37.5%).
The P-63 was converted into an FPSO (Floating Production, Storage and Offloading) from the tanker BW Nisa at the Cosco Shipyard in China, with the latter stages of construction carried out at the QUIP/Honorio Bicalho construction site in Rio Grande (RS). The services were carried out by the Quip consortium (Queiroz Galvão, UTC, Iesa and Camargo Correa) and BW Offshore and employed about 1,500 workers at peak construction.
Nantong COSCO Ship with EEP shipyard contract for Brazil
Source: Steel Union Information 2013-08-26 09:32:54
After nearly a year of research, contact, talk, and field trips, Nantong COSCO Ship supporting Ltd. recently with the Brazilian EEP shipyard signed a supply contract, will provide roller, flat segmented pipeline, parts assembly and welding production lines, segmented transport trolley, hydraulic machines and other infrastructure.
This is following the successful completion of Nantong COSCO Kawasaki first production line, Dalian COSCO Kawasaki plane segmented pipeline, parts assembly and welding production line, Veneer LONG production lines, the company to undertake another one shipyard infrastructure projects, but also the company's independent undertake first overseas project.
Golden Union Holds Naming Ceremony for Two Newbuild Bulkers
Posted on Aug 23rd, 2013
Golden Union held naming ceremony for two of its 57,000-dwt bulk carriers built by COSCO (Guangdong) Shipyard. The vessels were named ?Flag Gangos? and ?Loannis G?.
The cooperation between Golden Union and COSCO (Guangdong) started 19 years ago. COSCO (Guangdong) has already built and delivered four vessels for Golden Union.
This year Cosco earning will not be good. This year delivery is only about 700+million USD of orders delivery. Next year different story, 2.8+BILLION orders delivery and 2015 about 2.2+BILLION orders delivery.
This year someone may short it down to 60cts. Anyway I am in.
" Know What is going to happen then to worry when it will happen"
halleluyah ( Date: 24-Aug-2013 22:53) Posted:
wait fr 60cts lah
ruanlai ( Date: 23-Aug-2013 09:35) Posted:
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wait fr 60cts lah
ruanlai ( Date: 23-Aug-2013 09:35) Posted:
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I know lah....Why so big?
ruanlai ( Date: 23-Aug-2013 09:35) Posted:
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If I am not wrong , this is prices during the 2008 price
wah... why still going down
BUY NOW
CHEAPEST !!!!
NB prices at 12 month-high
Global newbuilding prices seem to start its uptrend, with recent prices reaching its highest in a year and so on.
Clarkson?s newbuilding price index recorded 127.5p as of the end of July, up by 0.9p from the previous month. This is attributable to a slight rise seen in standard newbuilding prices of most vessel types and the index hit its record high from a year ago when it posted 128.5p.
Sharp changes of the index were not seen over the past year just staying around 126p. The index showed the largest increase of 0.9p last month after having rising widths of between 0.1p and 0.7p from time to time.
At the end of July, standard newbuilding price of capesize bulker was seen at $48.50m, up by 3.3% compared to a year ago. This, however, represents a 51% lower price than its peak price of $99m recorded in August, 2008.
According to World Shipyard Monitor released by Clarkson Research Services on August 21, global newbuildings placed in this year to July were 910 vessels of a combined 59.60m dwt (21m cgt), which represents a rise of 11% in numerical terms and 78% in dwt terms.
However, comparing with 136m dwt newbuildings placed for the first seven months from 2006 to 2008 on average, the tonnage is 56% smaller.
Meanwhile, Chinese builders were tallied to have won orders for 27.80m dwt (8.80m cgt) while Korean inked 20.10m dwt (7.50m cgt) in this year to July.
Global newbuilding contracts signed from January to July, 2013, were valued at $51.1bn, increasing only 10% against the corresponding period a year ago.
Published : August 23, 2013
Capesizes set to enjoy higher rates this summer
Bimco believes that capesizes will not return to the doldrums seen in the first half of the year over the next two months although will likely remain at below breakeven levels.
Capesizes enjoyed a prosperous summer according to Bimco's latest report, with rates doubling in a fortnight from $6,000 per day to $12,000 per day, peaking at $15,218 on 1 July. The improvement in capesize rates brings large sized bulkers closer back into line with their smaller cousins in terms of rates. Supramaxes held steady around $10,000 per day, handysizes held at $8,000 per day and panamax rates rose steadily from $6,000 to $10,000 per day over two months.
According to Bimco chief analyst Peter Sand, rates have eased steadily since the 1 July peak, as the vessels that were in the right place at the right time steam away, but the outlook for the sector remains robust. Bimco has forecast average TC rates of $8,000 - $13,000 per day for the next two months for the Capesize market.
July saw a run of capesize orders, and overall the dry bulk orderbook grew by 3.2m dwt to 126m dwt. The growth marks the first time in over 30 months that the orderbook has ticked up as it descends from the heights of 300m dwt at the end of 2010.
Bimco forecasts panamax earnings in the $6,000 - $9,000 per day range, supramax $8,000 - $11,000 per day and handysize at $6,500 - $9,000 per day.
Sevan Louisiana gears up for sea trial
Xu Yihe
20 August 2013 04:19 GMT
Norwegian player Sevan Drilling is preparing its latest circular drilling rig, Seven Louisiana, to start its sea trial next month.
The rig has been chartered for three years by one of its wholly-owned subsidiaries and LLOG Bluewater Holdings for a value US$550 million.
Sevan Louisiana, so named because LLOG is located in Louisiana, is expected to be ready for trial on 7 September and is scheduled for delivery in October.
The rig, also known as Sevan 650 III, is the third of its kind built for Sevan by Cosco Qidong in China.
It will be capable of drilling in water depths up to 10,000 feet and will employ an innovative, proven cylindrical hull design that makes the rig less sensitive to weather conditions.
The rig is due to arrive in the Gulf of Mexico in February next year. It will be mobilised for a three-year drilling campaign for LLOG Explorationâ??s Delta House field in March with a task of up to five wells per annum before first oil in 2015
Whats the good news?
Cheers.
wait4opp ( Date: 20-Aug-2013 16:42) Posted:
Good news going announce today yet the price is dropping across the board.
Sigh ! |
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Good news going announce today yet the price is dropping across the board.
Sigh !
Volume too low for a real sell down. BUY in and Accumulate for Fast Rebound!
srichipan ( Date: 20-Aug-2013 12:54) Posted:
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