Cosco

The Singapore-listed Cosco plans to focus more on logistics and has reduced its exposure to shipping

Cosco says it will look for opportunities to expand its logistical networks through strategic acquisitions and investments.

Cosco has a strong balance sheet to make acquisitions to expand its logistics business, says DBS analyst Paul Yong.

(Nov 13): It has been an interesting week of results for our Singapore Market Portfolio, with two of our larger-cap holdings hitting new highs after reporting their 3QFY2017 numbers. Meanwhile, another one of our holdings benefited from an offer.

SINGAPORE (Sept 28): Cosco Shipping International (Singapore) has announced two new contracts to be undertaken by the subsidiaries of its 51%-owned subsidiary, Cosco Shipyard Group. 

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SINGAPORE (Sept 30): Cosco Corp announced that subsidiary Cosco Qidong Offshore and shipowner Axis Nova Singapore have agreed to re-extend the delivery date of a harsh environment semi-submersible accommodation rig.

SINGAPORE (Aug 1): Brokerage houses DBS Vickers Securities, KGI Fraser and OCBC Investment Research are lowering their expectations of Sembcorp Marine’s (SMM) earnings in the next couple of financial years to come, after the Singapore-based drilling rig

SINGAPORE (May 17): Shares of Cosco Corp are up 4.7% to 33.5 cents after the shipbuilder delivers one vessel but announces a delay in the delivery of a drilling rig.