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This is a reverse psychology and to some extent similar to stock investment. Buy when others are fearful. When time to come he will have the last laugh and also laughing all the way to the bank. With the current situation, he can ask and get the best deal done.
I see this is a smart move of course with high risk for high return.
CheongCK ( Date: 21-May-2010 15:49) Posted:
COSCO ready to pump more money into Greece
Athens: China and COSCO are ready to begin investing in Greece, horizontally and vertically in terms of shipping activities, if an agreement with Greek authorities is reached, Capt. Wei Jiafu, president and CEO of COSCO, emphasised during a meeting in Athens with Economy, Competitiveness and Shipping Minister Louka Katseli on Wednesday.
The meeting, which also included Theodore Veniamis, the president of the Union of Greek Shiponwers, representatives from the tourism and business sectors and the president of the Hellenic Banks' Association, V. Rapanos, covered all business and shipping (ANA-MPA) plans between China and Greece. Capt. Wei is currently on an official four-day visit to Greece, accompanied by high-ranking officials of COSCO, a Chinese state organisation.
COSCO has already established activities at the Ikonio cargo terminal of Piraeus port. [20/05/10]
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Maybe cheaper to go in now. No rental needed for the space cater for this shipyard.....hehe
L..... ( Date: 21-May-2010 17:55) Posted:
wah he got fever or not.. hahahahha
CheongCK ( Date: 21-May-2010 15:49) Posted:
COSCO ready to pump more money into Greece
Athens: China and COSCO are ready to begin investing in Greece, horizontally and vertically in terms of shipping activities, if an agreement with Greek authorities is reached, Capt. Wei Jiafu, president and CEO of COSCO, emphasised during a meeting in Athens with Economy, Competitiveness and Shipping Minister Louka Katseli on Wednesday.
The meeting, which also included Theodore Veniamis, the president of the Union of Greek Shiponwers, representatives from the tourism and business sectors and the president of the Hellenic Banks' Association, V. Rapanos, covered all business and shipping (ANA-MPA) plans between China and Greece. Capt. Wei is currently on an official four-day visit to Greece, accompanied by high-ranking officials of COSCO, a Chinese state organisation.
COSCO has already established activities at the Ikonio cargo terminal of Piraeus port. [20/05/10]
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wah he got fever or not.. hahahahha
CheongCK ( Date: 21-May-2010 15:49) Posted:
COSCO ready to pump more money into Greece
Athens: China and COSCO are ready to begin investing in Greece, horizontally and vertically in terms of shipping activities, if an agreement with Greek authorities is reached, Capt. Wei Jiafu, president and CEO of COSCO, emphasised during a meeting in Athens with Economy, Competitiveness and Shipping Minister Louka Katseli on Wednesday.
The meeting, which also included Theodore Veniamis, the president of the Union of Greek Shiponwers, representatives from the tourism and business sectors and the president of the Hellenic Banks' Association, V. Rapanos, covered all business and shipping (ANA-MPA) plans between China and Greece. Capt. Wei is currently on an official four-day visit to Greece, accompanied by high-ranking officials of COSCO, a Chinese state organisation.
COSCO has already established activities at the Ikonio cargo terminal of Piraeus port. [20/05/10]
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COSCO ready to pump more money into Greece
Athens: China and COSCO are ready to begin investing in Greece, horizontally and vertically in terms of shipping activities, if an agreement with Greek authorities is reached, Capt. Wei Jiafu, president and CEO of COSCO, emphasised during a meeting in Athens with Economy, Competitiveness and Shipping Minister Louka Katseli on Wednesday.
The meeting, which also included Theodore Veniamis, the president of the Union of Greek Shiponwers, representatives from the tourism and business sectors and the president of the Hellenic Banks' Association, V. Rapanos, covered all business and shipping (ANA-MPA) plans between China and Greece. Capt. Wei is currently on an official four-day visit to Greece, accompanied by high-ranking officials of COSCO, a Chinese state organisation.
COSCO has already established activities at the Ikonio cargo terminal of Piraeus port. [20/05/10]
Anytimes, breaking Sgd. 1.50, I 'll buy some.
CheongCK ( Date: 16-May-2010 16:01) Posted:
14 May 2010
Baltic Dry Index (BDI) +15 3929 Rates
CheongCK ( Date: 14-May-2010 11:55) Posted:
BDI stands at 4,000 point threshold 
London: The Baltic Dry Index is expected to cross the 4,000 mark today for the first time since November on the back of strong iron ore restocking by steel mills in China. The BDI closed yesterday at 3,914. All bulker sectors have reported strong growth in rates this week, led by capesizes which have surged 26% in the past week.
Fearnleys most recent weekly comment noted that for fronthaul, cape rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week. The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East. [14/05/10] |
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14 May 2010
Baltic Dry Index (BDI) +15 3929 Rates CheongCK ( Date: 14-May-2010 11:55) Posted:
BDI stands at 4,000 point threshold
London: The Baltic Dry Index is expected to cross the 4,000 mark today for the first time since November on the back of strong iron ore restocking by steel mills in China. The BDI closed yesterday at 3,914. All bulker sectors have reported strong growth in rates this week, led by capesizes which have surged 26% in the past week.
Fearnleys most recent weekly comment noted that for fronthaul, cape rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week. The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East. [14/05/10] |
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BDI stands at 4,000 point threshold
London: The Baltic Dry Index is expected to cross the 4,000 mark today for the first time since November on the back of strong iron ore restocking by steel mills in China. The BDI closed yesterday at 3,914. All bulker sectors have reported strong growth in rates this week, led by capesizes which have surged 26% in the past week.
Fearnleys most recent weekly comment noted that for fronthaul, cape rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week. The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East. [14/05/10]
12 May 2010
Baltic Dry Index (BDI) +66 3888
Rates
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BCI
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(Cape index)
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BPI
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(Panamax index)
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BSI
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(Supramax index) |
| INDEX |
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4878
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+74
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4196
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+50
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3025
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+34 |
| SPOT 4 TCE AVG |
(USD) |
50442
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+1320
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33753
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+398 |
31625
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+355 |
| YESTERDAY |
(USD) |
49122 |
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33355 |
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31270 |
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| YEAR AGO |
(USD) |
28390
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17162 |
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16411 |
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Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BHMI
wah today, 2 horse race
we have yzj, full of vigour, low P/E ratio vs cosco, part owned by smm, investor's fav in the 2007..
who will prevail??? both +0.06
pharoah88 ( Date: 11-May-2010 17:38) Posted:
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Tuesday: 11 MAY 2010 CLOSING
S$1.53 -$0.08
LAST lOw S$1.48
neXt suppOrt S$1.44
pharoah88 ( Date: 10-May-2010 17:37) Posted:
Monday: 10 MAY 2010 CLOSING
S$1.61 +S$0.06 |
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11 May 2010
Baltic Dry Index (BDI) +115 3822
Rates
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BCI
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(Cape index)
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BPI
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(Panamax index)
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BSI
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(Supramax index) |
| INDEX |
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4804
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+253
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4146
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+50
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2991
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+44 |
| SPOT 4 TCE AVG |
(USD) |
49122
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+2951
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33355
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+402 |
31270
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+459 |
| YESTERDAY |
(USD) |
46171 |
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32953 |
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30811 |
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| YEAR AGO |
(USD) |
29247
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16688 |
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15651 |
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Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BHMI
Tuesday: 11 MAY 2010 CLOSING
S$1.53 -$0.08
LAST lOw S$1.48
neXt suppOrt S$1.44
pharoah88 ( Date: 10-May-2010 17:37) Posted:
Monday: 10 MAY 2010 CLOSING
S$1.61 +S$0.06 |
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rickyw ( Date: 11-May-2010 15:17) Posted:
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please embark...will go up prior closing.... |
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please embark...will go up prior closing....
Also all the way to the South Pole.
CheongCK ( Date: 11-May-2010 15:02) Posted:
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South to
Destination Australia? New Zealand?
Wow Beautiful Country
wishbone ( Date: 11-May-2010 14:56) Posted:
Most of the shipping counters are heading South. Disembark!!!!!!
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Bye Bye See you in Tasmania
South to
Destination Australia? New Zealand?
Wow Beautiful Country
wishbone ( Date: 11-May-2010 14:56) Posted:
Most of the shipping counters are heading South. Disembark!!!!!!
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Most of the shipping counters are heading South. Disembark!!!!!!
10 May 2010
Baltic Dry Index (BDI) +99 3707
Rates
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BCI
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(Cape index)
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BPI
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(Panamax index)
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BSI
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(Supramax index) |
| INDEX |
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4551
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+203
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4096
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+34
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2947
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+59 |
| SPOT 4 TCE AVG |
(USD) |
46171
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+2485
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32953
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+274 |
30811
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+615 |
| YESTERDAY |
(USD) |
43686 |
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32679 |
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30196 |
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| YEAR AGO |
(USD) |
27461
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15194 |
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15144 |
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Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BHMI
Monday: 10 MAY 2010 CLOSING
dOw +404
BEAR BARE
Monday: 10 MAY 2010 CLOSING
S$1.61 +S$0.06
