YZJ Shipbldg SGD    Last:2.83    -0.04

Cruising with the ship ..Yangzijiang

Christmas is going to be good this year. I have news already hehe....

 

YZJ won contracts to build 15 vessels value at US$414m.

  The Board of Directors (the “Board”) of Yangzijiang Shipbuilding (Holdings) Ltd (the “Group” or the “Company”) is pleased to announce that following the new orders announced on 26th April 2013, the Group has secured additional shipbuilding contracts (the “Contracts”) for fifteen (15) vessels with an aggregate contract value of US$414 million. 

揚 子 江 船 業 （ 控 股 ） 有 限 公 司 董 事 局 （ 以 下 簡 稱 “集 團 ”或 “公 司 ”） 欣 然 宣 佈 繼 2013 年 4月 26日 公 告 新 簽 訂 單 至 今 ， 集 團 已 額 外 簽 署 並 生 效 共 計 15艘 船 的 建 造 合 同 ， 總 合 同 金 額 計 4.14億 美 元 。  

The new Contracts secured comprise of six (6) units of 82,000 DWT bulk carriers, eight (8) units of 64,000 DWT bulk carriers and one (1) unit of 94,000 DWT transload vessel whereby such vessels are scheduled for deliveries in the period from 2015 to 2016, and therefore will not have any significant impact on the earnings of the Group for the financial year ending 31 December 2013. 

集 團 新 簽 訂 且 生 效 之 訂 單 具 體 為 6艘 82,000 DWT散 貨 船 ， 8艘 64,000DWT 散 貨 船 和 1艘 94,000 DWT 自 卸 船 。 新 接 獲 的 訂 單 將 於 2015 年 至 2016 年 逐 年 交 付 ， 因 此 不 會 對 集 團 截 至 2013 年 12 月 31 日 的 收 益 産 生 顯 著 影 響 。  

In 1H2013, the Group had secured a total of twenty-seven (27) effective shipbuilding contracts with an aggregate value of US$1.01 billion. As at the announcement date, the Group has a total of 51 options worth US$2.64 billion entered with its respective buyers, of which 22 options are for containerships worth US$1.56 billion and 29 options are for multi-purpose bulk carriers worth US$1.08 billion. With the Baltic Dry Index recently achieving a 52-week high of 1179 points, the Group is confident that more options will be exercised in 2H2013. Pertaining to the cessations declared by the Group for its three 2500TEU shipbuilding contracts previously, the Group has sold all of them to the new customer in 2Q 2013. 

2013上 半 年 ， 集 團 共 接 獲 27艘 造 船 訂 單 ， 合 同 總 金 額 計 10.1億 美 金 。 截 止 公 告 日 ， 集 團 同 時 持 有 價 值 26.4億 美 元 的 51艘 待 生 效 訂 單 ， 其 中 包 括 22艘 價 值 15.6億 美 元 的 貨 櫃 船 合 約 ， 以 及 29艘 價 值 10.8億 美 元 的 多 用 途 散 貨 船 合 約 。 隨 著 波 羅 的 海 幹 散 貨 指 數 達 到 过 去 52周 最 高 點 1179， 集 團 相 信 2013年 下 半 年 將 會 有 更 多 的 訂 單 生 效 。 另 外 ， 此 前 集 團 宣 佈 終 止 合 約 的 3艘 2500TEU貨 櫃 輪 也 已 在 2013年 2季 度 轉 售 給 新 船 東 。  

Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the Contracts. 

不 考 慮 持 有 的 公 司 股 權 ， 任 何 一 位 董 事 、 控 股 股 東 或 主 要 股 東 與 本 項 交 易 均 無 直 接 或 間 接 的 利 益 關 系 。  

BY ORDER OF THE BOARD 

谨 代 表 董 事 局 2 

 

Is time to rebound..

If not, will go below 0.7

 

This YZJ only had 3 words to describe,

Over Sold, Over Short and Over Rape...

 

*Past history show company share buy-back few times  around 80c, boss sleeping ah?

 

 

Ready to keep some when goes below 0.8 to 0.7 :)

 

Seems like going to play in the 70cts range soon....akan datang.

 

No one drown with me ah?

 

Durian anyhow drop ah !!

Hoot ah !!!

 

Someone flood me with 810 !!

Anyone getting too ??

 

Wah! Today flush down to 0.81..

Is it related to the big drop in otto marine and Vard Holding?

 

True of what you say, but different is time line. BDI had only gone up for about 2 to 3 weeks and just broken 1000 mark which is the profit line for Bulk Carrier operation if I am not mistaken. It will benefit Cosco first and hopefully improve her profitability for a month of Q2 and month of Q3. For owner to decide to build more, a more sustainable BDI rise for about half year at least and future sustainable increase in Bulk Carrier demand will have to be in sight. At the moment new Buildings from previous orders are still to be delivered for the whole of 2013, more bulk carriers are being finished and launch this year.

Yzj order book if Off Shore orders are better and more profitable.

cheongsl      ( Date: 01-Jul-2013 07:24) Posted: Shipping index will determine the shipbuilding demand, that is the relationship, when there is not enough ship outside to cater for the economic demand of raw material and index will increase, and company will be more willing to build ship, and usually ship building will take many years to over take and cause the demand to go down. so currently look more like the turning point of ship building. Hawkeye      ( Date: 29-Jun-2013 10:23) Posted: Hello CheongSL, you are reporting to wrong company, BDI does not affect YZJ for Dry Bulk Shipping. BDI affect Cosco, which is making losses due to Bulk Shipping for 2 years. Now Cosco should turn around and overtake Yangzijiang to lead the way

 

Shipping index will determine the shipbuilding demand, that is the relationship, when there is not enough ship outside to cater for the economic demand of raw material and index will increase, and company will be more willing to build ship, and usually ship building will take many years to over take and cause the demand to go down. so currently look more like the turning point of ship building.

Hawkeye      ( Date: 29-Jun-2013 10:23) Posted: Hello CheongSL, you are reporting to wrong company, BDI does not affect YZJ for Dry Bulk Shipping. BDI affect Cosco, which is making losses due to Bulk Shipping for 2 years. Now Cosco should turn around and overtake Yangzijiang to lead the way. cheongsl      ( Date: 29-Jun-2013 08:47) Posted: BDI move up again yesterday  to 1171 points and increase in 20 points.

 

Hello CheongSL, you are reporting to wrong company, BDI does not affect YZJ for Dry Bulk Shipping. BDI affect Cosco, which is making losses due to Bulk Shipping for 2 years. Now Cosco should turn around and overtake Yangzijiang to lead the way.

cheongsl      ( Date: 29-Jun-2013 08:47) Posted: BDI move up again yesterday  to 1171 points and increase in 20 points. cheongsl      ( Date: 28-Jun-2013 06:31) Posted: Current raise is from 5 Jun low at 801 to 27 Jun at 1151, a raise in 43% of the index,  should experience some correction. If not it is a really strong increase in demand

 

BDI move up again yesterday  to 1171 points and increase in 20 points.

cheongsl      ( Date: 28-Jun-2013 06:31) Posted: Current raise is from 5 Jun low at 801 to 27 Jun at 1151, a raise in 43% of the index,  should experience some correction. If not it is a really strong increase in demand. cheongsl      ( Date: 28-Jun-2013 06:26) Posted: Yesterday raise to 1151

 

Current raise is from 5 Jun low at 801 to 27 Jun at 1151, a raise in 43% of the index,  should experience some correction. If not it is a really strong increase in demand.

cheongsl      ( Date: 28-Jun-2013 06:26) Posted: Yesterday raise to 1151. cheongsl      ( Date: 27-Jun-2013 07:23) Posted: BDI raise to 1125, seems like ship supply not able to meet the demand, still watching

 

Yesterday raise to 1151.

cheongsl      ( Date: 27-Jun-2013 07:23) Posted: BDI raise to 1125, seems like ship supply not able to meet the demand, still watching. cheongsl      ( Date: 26-Jun-2013 12:11) Posted: Have pick up some at 0.815 today as BDI hit 1090.

 

Hear left hear right, ships are getting harder to charter. Demand is coming back - for real this time

 

BDI raise to 1125, seems like ship supply not able to meet the demand, still watching.

cheongsl      ( Date: 26-Jun-2013 12:11) Posted: Have pick up some at 0.815 today as BDI hit 1090.

 

I am not sure what price you had entered. Right now is a good chance to keep some. Still you have to decide yourself to cut loss or not. Stocks market is always up & down. This is not a penny stock. If you have holding power, should be able to gain in the long run.

 

sharefbb05      ( Date: 26-Jun-2013 16:54) Posted: Getting lower and lower now.. Should I cut loss now? Worry after I cut it go up