New Yangzi Shipbuilding Wins Kamsarmax Bulkers Yangzijiang Shipbuilding’s subsidiary Jiangsu New Yangzi Shpbuiding Co., Ltd has recently conclued a newbuilding contract for the construction of five 82,000dwt Kamsarmax bulkers with Global Maritime Investments. It if formerly rumored that GMS ordered four 82,000dwt units at Yangzijiang Shipbuilding and one same unit at Chengxi Shipyard. Howevera, according to Greek Callimanopulos group that the company has only ordered five 82,000dwt Kamsarmax bulkers at a cost of $27.0m apiece with a total value of $130.0m. The delivery schecule has not been disclosed. GMI is one of biggest traders globally and boast a fleet of 60-80 vessesls, including 7 Capesize bulkers and more than 20 Panamax bulkers. http://en.eshiptrading.com/news/d/221/4969/ In July 2012, Creon made its first investment of US$15.3 million investment for 46.5% of a joint venture (“JV”) with the multi-billion dollar China based shipbuilder, Yangzijiang Shipbuilding (Holdings) Pte Ltd, which is listed on the Singapore Stock Exchange (SP:YZJ) (“YZJ Holdings”) in the offshore oil and gas infrastructure sector. The JV has a 40% stake in Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (“YZJOE”). In December 2012, YZJOE entered into a US$170 million contract to construct and deliver one unit of a Le Tourneau Super 116E Class design self-elevating Mobile Offshore Jack up Drilling Rig. http://www.creonresources.com/uploads/13/Creon%20MGR%20Investment%20Final%2010.4.pdf
25 Apr '13
Good level of buying today (including the 16.08 which shows as a sell). Unusual as we often have days without any activity at all. Something coming soon? There's been quite a few chunky buys over recent weeks - some showing as sells.
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