Woody Composite

Woody Composite, originally uploaded by iwynx.

Lilies

LIlies.jpg, originally uploaded by iwynx.

Elegant Lillies

Elegant, originally uploaded by iwynx.

Alicia, here’s a little something from you. You know where I took them from.

Cheers and towards many more good years of friendship.

Two High Value Contracts Totaling Two High Value Contracts Totaling

Cosco Corporation (Singapore) Limited

wo High Value Contracts Totaling
US$16.5 million

SINGAPORE (21st December 2005)

Singapore Exchange (?SGX?) mainboard listed COSCO Corporation (Singapore) Limited, a leading shipping and shipyard group, is pleased to announce that its 51%-owned subsidiary, COSCO Shipyard Group had successfully secured one high value contract and completed another totaling S$16.5 million.
Contract Commencing / Completed

Single to Double Bottom Conversion (Oil tanker) Commencing Jan 2006
Ore Bulk & Oil Carrier to Sea Bulk Transhipper Completed Dec 2005

The conversion of the single bottom oil tanker to double bottom at Cosco Dalian
Shipyard would be recognized in the first half of FY2006. In compliance with
International Maritime Organisation?s (IMO) safety regulations, more single hull
tankers will be phased out over the next few years. With an established track record in
double bottom and hull conversions, Cosco Shipyard Group expects more such high
value contracts.

Mr. Ji Hai Sheng, President of the Company and Vice Chairman of COSCO Shipyard
Group said, ?We are particularly pleased as the sea bulk transhipper conversion was
secured against stiff international competition. The project is technically complex and
demanding. As the conversion was successfully completed in good time, Cosco
Nantong Shipyard expects more Sea Bulk Transhipper conversions next year.?
COSCO Shipyard Group is the largest ship repair group in the People’s Republic of
China. The Group expects to attract more of such conversion contracts, as the
mandatory conversion of single hull tankers to anti-spill double hull gathers momentum
and urgency.

None of the directors or controlling shareholders of the Company has any interest,
direct or indirect in the contracts.

The contracts are not expected to have a material impact on the net tangible assets and
and earnings per share of the Company for the year ending 31st December 2005.
About COSCO Corporation (Singapore) Ltd

Listed on the main board of the Singapore Exchange, COSCO Corporation is a
diversified group with core activities in shipping and shipping related services.
The Group owns 14 bulk carriers and majority stake in the largest shipyard
group in China, operates shipping agencies as well as provides marine
engineering and ship repair services. COSCO Corporation is the listed
subsidiary of China Ocean Shipping (Group) Company, the largest shipping
group in China.

Thai Boy@ Phuket

Thai Boy@ Phuket, originally uploaded by iwynx.

Rustic Home

Rustic Home, originally uploaded by iwynx.

Sunset@ Pierce III

Sunset@ Pierce III, originally uploaded by iwynx.

Another one of my series of the pictures taken at Lower Pierce Reservoir..

Sunset @Lower Pierce Reservoir

sunset@pierce, originally uploaded by iwynx.

Shot this on 6th December 2005 after work.

Shot Details: 0.6s @ f/14
ISO Speed: 200
Focal Lenght: 23mm

Serenity@Lower Pierce

Serenity@Lower Pierce
Originally uploaded by iwynx.

Finishing work at nearby….Lower Pierce..so decided to go shoot. Nowadays shooting less and less, more and more composition and thinking what am I really shooting, what story I want to share, etc…It is never easy been a photographer.

More Business for Cosco Corp…Not a bad news…

Xinhua – English: “Xiamen port to raise US$156m in IPO
www.chinaview.cn 2005-12-05 09:01:45

BEIJING, Dec. 5 — Xiamen International Port, China’s seventh-busiest container port operator plans to raise up to HK$1.22 billion (US$156 million) in an initial public offering, sources involved in the deal said on Friday.

The company plans to offer 858 million H shares at an indicative price range of HK$1.18 to HK$1.42, representing 13.3 to 16 times 2005 earnings, sources said.

By comparison, bigger mainland rivals China Merchants Holdings and COSCO Pacific trade at 10.4 to 14.9 times forward earnings.

It has also agreed to take on China Shipping Group, the parent company of China Shipping Development and CSCL , as a strategic investors, sources said.

Xiamen Port, in China’s Fujian province across from Taiwan, was granted approval for its IPO from the Hong Kong stock exchange’s listing committee last month for what will be the first from a pure mainland port operator.

China’s port operators are benefiting from robust global demand for Chinese goods and China’s voracious demand for more raw materials to feed its booming economy, making them enticing investment targets for foreign operators.

The company plans to begin trading on Dec 19.

BNP Paribas Peregrine is the sponsor of”