COSCO Shipping investment is poised to "Twelve-Five"

December 17, Cosco Shipping (600428) A shares rights application approved by the SFC. According to the company's previous plans, the fund-raising will be used for 2 50,000-ton semi-submarine ship remaining shipbuilding and 18 new multi-purpose ship, heavy lifting ship shipbuilding. Since the beginning of this year, COSCO Shipping has set up 18 multi-purpose ships and heavy-lifting vessels, which are more than market expectations.　　Prior to that, the holding shareholder COSCO Group pledged to subscribe in full cash, showing strong confidence in the development of the company. In recent years, the adjustment of global industrial structure brings about the change of trade structure. As the absolute leader of domestic special ship transportation market, COSCO Shipping has benefited from the new layout of global industry.　　For the "Twelve-Five" period of the global special shipping needs, the company has been the first layout. The benefit of "go out" strategy "Eleven-Five" period, domestic enterprises "go out" strategy to achieve a leap-forward development. At present, more and more Chinese enterprises are active in overseas markets in petrochemical, delivery equipment, electrical equipment and construction machinery industry. During the "Twelve-Five" period, Chinese enterprises will participate more widely in the international division of labor, increase the upgrading of industrial structure to high-end, and promote the development of new industrialization.　　This background will provide more opportunities for the export-oriented shipping enterprises to develop. "Eleven-Five" period, China's "go out" field continues to expand. The turnover of outsourced projects increased from 30 billion US dollars to 77.7 billion U.S. dollars, and the annual growth rate reached 37.3%. The proportion of projects in the fields of petrochemical, rail transit, electricity and electronic communications has risen to about 60% of the newly signed contracts, with the number of billions of dollars increased from 94 in 2006 to 240 in 2009 and the largest project contract to $7.5 billion.　　54 Chinese foreign contracted engineering enterprises have entered the ranks of 225 international contractors in the world. COSCO Shipping CEO South Korea Min said, in China's enterprises to speed up the pace of "going out" behind, to a certain extent, the domestic equipment manufacturing industry, the quality of products and services to upgrade as the basis. "Twelve-Five" period, China will focus on the development of high-end equipment manufacturing, overseas markets will be further expanded.　　With the further implementation of China's policy of "adjusting structure and transferring mode", China's enterprises to go out to find resources such as oil and gas, minerals, such as the pace will also accelerate, overseas energy projects, outsourcing projects, as well as the resulting import and export of goods will continue to grow steadily, and services in these sectors of cargo transport companies will benefit greatly. "The adjustment of China's industrial economic structure causes the change of trade structure." Previously, China's trade is mainly on behalf of processing, but now the Chinese enterprises to go out to contract projects, such as high-speed rail exports, including the overall planning and design inside, the overall profitability is very high. And the change of trade structure brings good to special transportation market.　　"Han said. Preemptive layout "Twelve-Five" Cosco shipping is the most closely associated with Chinese enterprises "going out" strategy. Han Introduction, Cosco Shipping familiar with the needs of Chinese customers, the enterprise diversity, supply and transportation characteristics are thoroughly understood. "Compared to the ships of the European company, the same 20,000 tons of ships we canWith more than 30% of the cargo, the efficiency of loading and unloading is nearly 40%. In addition, we have a large fleet, with a global network of airlines, at this point, other shipowners are not able to.　　"Han introduced. In March this year, Cosco was ordered to build 10 multi-purpose vessels and 8 multi-purpose heavy-lift vessels were ordered at the end of October. One of the earliest orders of May 2011 can be delivered to the ship. Han said that this year's two orders are Cosco group from the financial crisis began to date only two orders. The 18 ships were set up in four shipyards in an effort to speed up market grabs. This year, the global multi-purpose and heavy-lift ship orders in total only more than 30 ships.　　COSCO shipping accounts for more than half of it. Han hope that at the end of the "Twelve-Five" period, the company has more than 60 multi-purpose vessels, 20 heavy lifting vessels and a number of semi-submarine, the fleet size of the car ship. "We have now completed over One-third. Han said that the reason to invest, on the one hand, is to see the adjustment of China's industrial economic structure caused by changes in trade structure, on the other hand, the shipping cycle, the current shipbuilding market is low, the new shipbuilding and previous years compared with the cost advantages, and later have a time advantage.　　And from the company ship structure, the previous 30 years of the ship is still operating, the suitability and economic poor, need to be replaced. The current COSCO shipping route coverage is unmatched by other companies around the world. Routes throughout the Far East, Africa, the Persian Gulf Red Sea, South America, Europe and other regions. The Australian route, which is not yet open, is under planning.