Cosco Corporation (Singapore) Limited (last:7.10 high: )
COSCO Corporation (Singapore) Limited (COSCO) is an investment holding company. The Company’s operations in Singapore and Malaysia are principally in shipping, ship repair and marine engineering activities, rental of property and investment holding, and in the People’s Republic of China the operations are principally in ship repair, ship building and marine engineering activities. On January 1, 2007, Cosco Shipyard Group-Zhoushan Branch, a branch of the Company’s 51%-owned subsidiary, Cosco Shipyard (Group) Co., Ltd, located in Zhoushan was corporatized as a new company. The new company is known as Cosco (Zhoushan) Shipyard Co., Ltd (Cosco Zhoushan) and is a wholly owned subsidiary of CSG. The principal activities of Cosco Zhoushan relate to ship repair, ship building and marine engineering. In August 2007, the Company entered into voluntarily dissolution of Serene Sky Shipping Inc. and Dynamism Shipping Corporation S.A.
Yangzijiang Shipbuilding Holdings Ltd (last:1.98 high: )
Yangzijiang Shipbuilding (Holdings) Ltd. is a shipbuilder in the People’s Republic of China. The Company produces a range of commercial vessels, mini bulk carriers, bulk carriers, multi-purpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels and lifting vessels. Its existing shipyard, which is located in Jiangyin city in the Jiangsu province of the People’s Republic of China, spans approximately 719 meters of deep-water coastline and covers an area of approximately 200,000 square meter. Its customers include shipowners based in Germany, Italy, the United Kingdom and Canada. During the year ended December 31, 2006, the Company delivered a total of 16 vessels, consisting of nine containerships, six dry bulk carriers and one other vessel. In July 2007, the Company acquired an additional 25% interest in Jiangsu New Yangzi Shipbuilding Co., Ltd. through the acquisition of SEAVI Advent Asia Investments (III) Ltd.
STX Pan Ocean Co Ltd (last:3.14 high: )
STX Pan Ocean Co., Ltd. is a shipping company that operates as a bulk carrier service provider and dry bulk operator. It is organized into five business segments: bulk carrier service, pure car and truck carrier service, container service, tanker service and liquefied natural gas carrier service. Under the dry bulk business, STX Pan Ocean’s cargo includes iron ore, coal, grain, steel products, sugar, cement, logs and palm and vegetable oils. As of December 31, 2006, it operated approximately 60 vessels. During the year ended December 31, 2006, it transported over 74 million tons of cargo. Its tramper service transports all kinds of dry bulk cargoes worldwide. Its large bulker service offers transportation service with respect to dry bulk cargoes, including coal, iron ore, grain and fertilizer with Panamax and Cape sized vessels. Its container service operates regular service routes connecting Korea, China, Singapore, Indonesia, Thailand and all other major ports in Southeast Asia.
Neptune Orient Lines Ltd (last:4.16 high: )
Neptune Orient Lines Limited (NOL) is an investment holding company engaged in the ownership and charter of shipping vessels, including participation in ventures related to these activities. NOL also engages in other incidental activities, such as the sales and disposals of shipping vessels, containers and related assets, as well as non-core properties and assets from time to time. It operates through two segments: Liner and Logistics. Liner includes global container transportation operations. It offers container shipping services in trade lanes, such as Transpacific, Intra-Asia, Transatlantic, Latin America and Asia-Europe. Logistics is a global logistics provider offering a network of facilities and services to support the global supply chain management needs of customers. The range of services include consolidation, global freight management, international deconsolidation and information technologies that provide information to manage supply chain activities.
Latest news
30 Nov 2007
STX Pan Ocean Co., Ltd. (“the Companyâ€) wishes to announce that the Company has on 29 November 2007 entered into a shipbuilding contract with COSCO(Zhoushan) Shipyard Co. Ltd., China, in respect of the construction of four (4) Supramax sized bulk carriers at a price of around US$40 million per unit to be delivered in the first half of 2010. The shipbuilding contract is subject to the approval of the Board of Directors in the forthcoming Board of Directors’ Meeting.
24 Oct 2007
Singapore Exchange (“SGXâ€) mainboard-listed COSCO Corporation (Singapore) Limited (“COSCO†or the “Companyâ€), a leading ship repair & marine engineering and shipping group, is pleased to announce that its 51%-owned COSCO Shipyard Group (“CSGâ€) had secured shipbuilding contracts
valued at US$1.34 billion (approximately S$2.0 billion) to build 29 bulk carriers from several foreign ship-owners.
08 Oct 2007
The Board of Directors of the YZJ (the “Boardâ€) is pleased to announce that the Group had during the third quarter of 2007 after the announcing its results for the second quarter 2007 on 13 August 2007, secured shipbuilding contracts (the “Contractsâ€) in respect of thirteen (13) container vessels with an aggregate contract value of US$409.7 million.
The Contracts are to be delivered progressively in 2010 and 2011, and will therefore not have a significant impact on the earnings of the Group for the financial year ending 31 December 2007.
November 30th, 2007 by fred | 3 Comments »