COSCO: Delivery Of Tender Barge.

Posted by lsngee > 2014-04-29 22:08 | Report Abuse

COSCO Corporation (Singapore) Limited wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a Self-erecting Drilling Tender Barge, to Energy Drilling. The delivery documents were signed by and between COSCO Guangdong and the buyer recently. The tender barge has a working depth of 2,000 meters, a drilling depth of 20,000 feet and is equipped with heavy lift cranes with a safe working load of 400 metric tonnes...

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5 comment(s). Last comment by lsngee 2014-05-04 23:13

lsngee

19 posts

Posted by lsngee > 2014-04-29 22:46 | Report Abuse

The effective contracts for 4 Emergency Response / Rescue / Field Support Vessels and 2 PX121 Platform Supply Vessels have a value of approximately USD100 million in total, excluding owner-furnished equipment. The 4 vessels are scheduled for delivery in the first half of 2016. The 2 vessels are expected to be delivered in the first and second quarters of 2016 respectively. Additionally, the ship owner has an option to render effective, within 6 months, 2 contracts for the construction of similar PX121 PSVs...

lsngee

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Posted by lsngee > 2014-04-30 22:19 | Report Abuse

1Q14 Net Profit Up 30% To S$12.6 Million

Q1 2014 group net profit attributable to equity holders increased 30% to $12.6m. Group turnover jumped 42% to $1.04bn on increase in shipyard revenue. Turnover from shipyard operations increased 43% to $1.03bn on the back of higher revenue contribution from ship repair and marine engineering. Gross profit increased 22% to $95.7m on higher profit contribution from both dry bulk shipping and shipyard operations. The Group will continue to focus on moving up the value chain and increasing efficiencies..

lsngee

19 posts

Posted by lsngee > 2014-05-02 23:03 | Report Abuse

Cosco Corporation’s revenue jumped 41.8 percent to $1 billion for the quarter ended 31 March 2014, led by higher shipyard contribution, which helped offset the decline from ship building.

Alex Teo

2 posts

Posted by Alex Teo > 2014-05-04 20:53 | Report Abuse

Sounds good to hear in May 2014, that Cosco Corp's revenue had jumped more than 40%. Gross profit had also increased.
But, where is the expected increase in share price.?? Look like many
investors are still holding back to buy into this share.
Could it be that the net asset value is below S$0.73.??

lsngee

19 posts

Posted by lsngee > 2014-05-04 23:13 | Report Abuse

Will rise to $0.84 if it still about $0.73

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