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Zim in talks for mega boxship order Published [ 2015-03-30 07:07 ] Having raised competitiveness in global shipping market though debt settlement and new financings, Israeli containership operator Zim is said to have been under negotiations with Chinese yards. According to TradeWinds, Zim is seeking up to 13 (7+6) units of 14,000 teu ultra large containership and it is in contact with Chinese yards to conduct the newbuilding program. An industrial source said that the liner operator approached Yangzijiang Shipbuilding, New Times Shipbuilding, Shanghai Waigaoqiao Shipbuilding and so on. Market players say that Chinese shipyards’ berth slots are not capable of building large boxships until the second half of 2017 as they are full now. Newbuilding price is expected to be set around $115-120m apiece.
Also the current jackup rig will be completed in a few months with possible option to build another. and they are profiting from MGR resources.
FY Results should be announced by end of month. Considering Free float is less than 20% and we don't get regular RNS's. This is as much as we can look forward too. Also in their last interims they did state they were is advanced discussions regarding potential contracts so hopefully something good will follow the FY results.
unusual for this stock
lack of news,few traders sorting their tax retuns. Anyways sellers are out. Charts pointing movement in the right direction. News time getting closer & i will happily enjoy the fireworks here.:) This will move like propelled rockets.
Well, the SP might not be heading in the direction we want but at least shares are being actively traded again which can only raise the profile of this company and generate future interest. Fingers crossed that we get some significant news soon to start sending this SP north again. GLA. Doc.
Max. 1.4M. still available to buy at .309
Excellent buying/investing opportunity at these silly prices.:)
Buys---4000000 Sells---0
today.
NOTICE: We are currently experiencing an issue with the % change for shares. The Bid/Ask are correct but the % change is not. This issue is also effecting the risers and fallers.
Just the ridiculous spread?
Cheers for clarifying. Doc.
Lots of shares showing Monday's close price so all incorrect.
The SP on this page is showing +7.69% yet we are not on the risers board. Presume the value here is a mistake somewhere based on my look in at yesterdays SP....anyone know more? Cheers, Doc.
Me too, been very quiet here recently, that 0.3 earlier was a gift.!! I'm looking for a wee profit on BOX then maybe more in here at these levels. GLA.
Hello Folks, I'm still holding in here long and strong, just thought I'd come and say hello. ;-)
Singapore: Chinese shipyard Yangzijiang Shipbuilding continues to diversify without making any further public comment on its potential takeover of Rongsheng’s shipyard facilities. The Singapore-listed yard has subscribed for 30% equity interests respectively in the capital of Zhuhai Leading Power Asset Management (ZLPAM) and Zhuhai Interconnect Leading High-Tech Industrial Investment Center (ZILHT) for RMB15m and RMB90m respectively, thereby making the pair associates of the company. The core business of ZLPAM is related to project investment and asset management with a total share capital of up to RMB50m. “This investment is expected to enhance the management’s expertise in cash redeployment,” Yangzijiang said in a release. ZILHT is an equity venture capital investment fund. Yangzijiang has been strongly linked with taking over troubled Rongsheng’s shipbuilding assets but is still refusing to confirm the deal. http://splash247.com/yangzijiang-diversifies-with-zhuhai-investments/
Just realised we are on the share risers board, long may that continue! GLA.
Well done to anyone that managed to buy on that dip!
Yangzijiang outstrips shipbuilding peers with steady share price growth While other O&M players languish. Yangzijiang has outstripped its shipbuilding peers with a 10% share price growth since November last year, while most other offshore and marine stocks saw significant price declines on back of the oil rout. According to OCBC, Yangzijiang is supported by its small exposure to the oil and gas segment, good track record and hefty cash pile. “There are several possible reasons for the outperformance, with the most important one likely being YZJ’s small exposure to the offshore oil and gas sector – the group is currently building its first jack-up rig, though it will further develop its LNG carrier capabilities. YZJ had an order book comprising 118 vessels worth a total of US$4.75b as at 27 Feb 2015. we believe that YZJ’s good execution track record and significant cash pile (including the held-to-maturity assets) instill confidence in customers to place orders with them,” stated OCBC. http://sbr.com.sg/energy-offshore/news/yangzijiang-outstrips-shipbuilding-peers-steady-share-price-growth