[NEWS] COSCO, Shipping Power On the Move

Straits Times Index (STI) counter, Cosco Corp used to be a market darling and prices rocketed to a very high level and was seen around the $6 region before dropping to as low as the region of 60 cents. Recently, a massive buying up and accumulation was seen in the movement of this counter. Since March 09, it has more than doubled to the current price of $1.30.

This shipping counter in my personal opinion, will be a marking darling again and may revisit $2 ending 2009 before going further. Below is the progress of Cosco's FPSO project.
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"Sun Rise", to be a Model for the FPSO Industry

Date:2009-7-31

"Sun Rise", a 20-year old VLCC, is undergoing conversion to an FPSO in COSCO Dalian Shipyard. The work scope for the conversion project involves the installation and/or renewal of 8,000 tonnes of steel structure, 350,000m of cables, of 800 tonnes of piping systems, the completion of 120,000m2 coating and the installation and commissioning of the topside modules. It is scheduled to be delivered in May 2010. After conversion, the completed FPSO will be stationed offshore Brazil.

It was our pleasure to interview Mr. Andy Lau Fook Weng, the MODEC construction manager for "Sun Rise". MODEC is an old friend and core client of COSCO Dalian Shipyard. Since "Sun Rise" entered COSCO Dalian Shipyard in March, the top management of COSCO Dalian Shipyard have paid close attention to the project and demanded that the highest construction standards be applied to the project. This is a large, time-constrained project which demands high standards in installation, welding and engineering. To ensure this work is handled efficiently, the project management team comprises experts from the construction department, the quality control department and the technical department. All the shipyard's hard work has deeply impressed Mr. Andy and satisfied the ship owner, and further affirmed the trust of MODEC as a key client.

Mr. Andy said that mistakes cannot be made on this conversion project. As a consequence, compared with other conversion projects, the construction control of "Sun Rise" is very strict, more precisely contolled, scientific and perfect. Both parties are confident that their commitment will ensure ¡°Sun Rise¡± is a model for the VLCC to FPSO conversion industry.

"It is my second time to be here in COSCO Dalian Shipyard in charge of a conversion project¡¯", Mr. Andy happily mentioned, "In the past two years, I have truly experienced the day-to-day development of COSCO Dalian Shipyard. Friendly and considerate shipyard staff are the friend of every customer. I Just feel at home", Mr. Andy said.

On the basis of his former experience with an FPSO conversion, Mr. Andy is full of confidence that COSCO Dalian Shipyard will complete the "Sun Rise" project to the high standards they have been set and reach outstanding achievement by continuous innovation and hard work.

It Is Time Again To Invest In Gold Again

Well, market is going on a recovering trend as you can see Dow Jones Industrial Average has recovered significantly since its low in March 2009.

If you are following on commodity prices, crude is going up as well as metal. It is now time to invest on precious metal as the greenback continue to weaken.

There are really many ways to invest in golds. Apart from buying gold certificates, you can also invest in Gold coins which also comes with its collection value in additional to its very own gold value.

Gold in my personal opinion, is the purest form of money and also known to many as the ultimate asset. In bad times, it will definitely be the common commodity to keep as many scrambled in to invest their money in this very defensive form of investment.

I have found a very comprehensive website that provides not only up to date information on gold, it also selling many of those very rare gold coins. If you are interested in gold investing, visit Gold Coins to gain now.

[REVIEW] The Most Popular Singapore Stock Market Discussion Forum

The stock markets around the world has somewhat recovered from the worst decline in financial history ever. Some are of the views that it is now the bull market and the market has bottomed. It is therefore good to see how the vast public which are the retail investors are feeling. Reading the forum would not only let you discern what is the current sentiment, you are also able to get some latest information by discussing issues related to stock.

Channel NewsAsia (CNA) stock market forum not only is the most participated stock forum on the Internet, what really makes it popular is the fact that it is free to use. You are not required to pay for any subscription fees to participate or to read the threads or discussions.

Read on for the full report.

The Importance of Accepting Credit Card For Businesses

Well, in the current times, as credit card companies competing for clients and market share, the criteria of applying for a credit card has been loosening and less stringent. There are people who are advocating that paying by cash is important and will keep you in good financial shape as it will prevent convulsive buying. However, credit card is a very important payment mode today as it will not only help you in times of need, online purchase and eliminate the need of carrying a lot of cash.

So it is also vital for business owner to accept credit cards payment for their business as it will definitely help in bringing more revenues for their business. It is vital for businesses and it is a must-have for online business or E-Commerce. All you need is a credit card payment processor and it is also very important take note of what are the fees involves in getting the credit card payment processors before engaging them.

[TIPS] Investing in Forex

The market setiment around although in a phase of recovering after enormous efforts by major governments to revive the financial markets, still seems rather gloomy and stuttering. Another alternative apart from equities or stocks would be Foreign Exchange.

Typically, Forex is about investing in currencies around the world. The idea is basically as simple as buying low and selling high as currency pairs. One currency against another in terms of price. The most popular and trader pair of currencies in my personal view would be USD-JPY.

Forex is actually a massive market that is worth more than 3 trillion of dollars. The good thing is that having a Forex account is much easier and with less hassle as compared to stock broking account. As Internet as eliminated global inaccessibilities, you can trade Forex even in the comfort of your own home. The thing I like about Forex is that you do not need to pay broking and commission to trade.

Read on for full report.

Asian Markets impressed after Warren Buffett's investment on Goldman Sach

The great Warren Buffett's Berkshire Hathaway pumped 5 Billion of greenback dollars into troubled investment company, Goldman Sach Inc, a listed company in the New York Stock Exchange.

This move was made timely amidst the rescue plan by US Government were looming with uncertainty. Consequently, the Asia Markets and investors were all upbeat after this very prominent investor's moved to lift sentiment of global economy.

The closing of Asian Markets as on 24 September 2008 were mostly in the green. Straits Times Index, the market index for Singapore ended flat while Shanghai Composite Index ended up by 0.7 percent and fellow Hong Kong's Hang Seng Index ended up 89.14 points or 0.47 percent.

The performance by Asian Market is already very commendable after the questions raised pertaining to the US rescue plan. Who says nobody can change the world.

Read on for more.

Crude Is Weighing Very Hard On Market

While the market has entered bear trend and is going downwards, this as opposed to many believes, it has presented very good opportunity to buy low.

Not for the weak heart, stock market is for the braves and the risk takers. It may be a situation of catching a falling knives, but I personally opined that Crude has entered a extreme overbought situation which is attributes by the unrealistic speculation on instability of oil nations and many other supply news. This speculation had propelled traders chasing the crude dollar after dollar which landed it at its extremely all time high. While it is still possible that the crude will end up at $200 per barrel in due course based on the inflation rate we are going, the current movement is too aggressive and fast. It only takes a big holder to let go when locking in profit will cause a panic in commodity crude trading movement. This will spike the markets into a short term bull trend, catching all the shortist by surprise.

Just remember that there is no certainly and market or stock do not move in a straight line. Correction and opposition for a balance is normal and reasonably expected. I think it is time for crude to fall and market attention will go to Asia. Specifically, the Greater China during the on coming Olympics. When sports is concern, we think of one stock and that is China Hongxing, a stock which possess great potential based on market trend and target market.

When crude falls, sectors like shipping equities like Yangzijiang, Cosco, Mercartor (especially Ezra), transport chip like Comfortdelgro or even Industrial stocks like Semb Corp, STA, STE and airline stocks like SIA will be greatly pushed to the roof. And the sell signal will come very soon after when everybody starts to buy and boosting how much they earn in major forums. Well, that is a typical sight and belief by myself.

Not an inducement to trade, everything written as above are of only personal opinion.

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