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Any plus in the general shipping area is good news.
COSCO is now in talks to takeover Singapore's Pacific International Lines.
Remember the news on May 26th?
Sinotrans Guangxi is a subsidiary of Sinotrans Unlimited
Sinotrans Limited (commonly referred to as Sinotrans)(SEHK: 0598 Hong Kong) is one of the largest logistics companies in China.[1] It is based in Beijing, People's Republic of China. Sinotrans Limited was incorporated in 2002 and listed on the Hong Kong Stock Exchange in 2003 with Sinotrans Group as its controlling shareholder. The Group injected into Sinotrans Ltd. its core businesses, assets and staff in China's fast-growing coastal and other strategic regions, namely Hong Kong, Guangdong, Fujian, Shanghai, Zhejiang, Jiangsu, Hubei, Lianyungang, Chongqing, Jiangxi, Anhui, Shandong, Tianjin and Liaoning.
The Company also provides support services of storage and terminal services, trucking and marine transportation services.[2]
Up to end 2009, Sinotrans Limited had a staff of 20,937 employees, a total asset of 21.9 billion RMB, and a net asset of 9.4 billion RMB.[
Remember April 27th we signed an agreement with Ningbo Xinyang?
Read this about Ningbo:
https://www.porttechnology.org/news/ningbo_zhoushan_targets_third_place_in_global_port_league
Ningbo-Zhoushan Targets Third Place in Global Port League
Ningbo-Zhoushan port in east China's Zhejiang Province is on track for becoming the third busiest port in the world after stepping up its cooperation with neighboring ports in Zhejiang to increase its container throughput and reach 12.4 million TEU, up 14.6% year on year, according to Xinhua.
The changes have had a dramatic impact as container throughput figures were recently bolstered to 27.2% in May, allowing the port to reach 2.295 million TEUs for the month and creating growth that could see Ningbo-Zhoushan handle more cargo than Shenzhen.
According to data from the World Shipping Council, Ningbo-Zhoushan had a TEU of 20.63 million in 2015, with Shenzhen at 24.20 million TEU over the same period.
During the first half of 2017, Ningbo-Zhoushan deepened cooperation with major shipping companies and countries along the Maritime Silk Road. It also added three sea routes to raise its total to 236.
Sea-rail transport services were also launched to link the inland cities of Nanchang in Jiangxi Province and Zhumadian in Henan Province.
Currently, Ningbo-Zhoushan's sea-rail transport services link 11 Chinese cities, helping drive its container handling volume up 82.2% to 182,000 standard containers in the first six months of this year.
The world’s fourth largest port also saw its cargo throughput grow 11.3% year on year to 515 million tons in the first half of 2017.
This included 120 million tons of iron ore, 55 million tons of crude oil and 40 million tons of coal.
Mid-September because June is 4th qtr/year ending.
GE gives drys 49% of a company he couldn't sell, $27m less on a loan and no cash, for $100m of stock. pathetic.
Common shareholders raped again.
(Oh, and he pulls the strings as majority stockholder again!)
IWC closed very close to the 200 day ma. Let's see if that's support.
Mid-September report will be nice too. A new client and expanded agreement with 2 other clients.
Thanks value for your constant pressure. I wonder if pressure will be needed every quarter?
Yep. Not restricted forever.
GE buying at $2.75 means he's already in the green and can unload for a profit at any time. Just another Kalani type dilution.
So GE becomes majority owner, besides already being majority voting power. That leaves common shareholders very vulnerable.
Building up for a nice fall/winter.
Short shares as of 7/31: 849,219 shares. Down 56,312.
I think so, looking at the excitement on stocktwits.
I think if SINO touches $3.20, it changes the technical psar to buy. Like you mentioned before, it should bring in a few technical traders.
U.N. sanctions on N Korea will help shippers like DRYS. It will also help companies like SINO that arrange shipping to and from the "west", as China will have to go west for basic materials.
U.N. sanctions on N. Korea will help SINO. China will now go "west" for basic materials.
FWIW, BDI climbed over 1000 for a change.
Nice PRs have been about every 2 months. We are overdue (last one was May 26th).
Wow. Look at that volume!
I foresee a new "agreement" pr any day now.
We don't know the length of the contracts. A long term contract announcement would do wonders. I am still expecting .17 for this quarter, even though we'll have more shares. I expect the April deal will more than offset that. Plus added services income from latest extensions.
If we can ever get people here. This board is SO quiet.
Ah. A lot of work on my pwrt for nothing.
I updated the financials tonight plus updated the board of directors that were outdated. Plus added management highlights and comments from last quarter report.
Board members: As mmoderator, I have access to the header and financial numbers above. I am updating them slowly, but I am not familiar with their system, so I am doing it the SLOW way. Please be patient.
Short interest decreased by about 32,000.
7/14/17: 905,431
And last night a/h traded at $3.27.
AMD trading at $15. Earnings this quarter: $.02.
Crazy.
Looking at the latest institutional holders list, I own more than 12 of the 14 institutional holders. How sad is that? It's time they step up to the plate. What are they waiting for?
Why has the market placed the value of SINO at $3.10? Why not $2.60 or 6.60? It just makes no sense, no justification.
"A rising tide lifts all ships(and companies doing business with them)."
Example: Apple and Apple suppliers.
I saw that. Anything spark it?
I picked up another 1000 shares today. We are due for some new contract news.
Once again, DRYS says "in your face" with another split.
Volume AND a large bid, with ask numbers diminishing. I like it.
SINO traded at $3.18 premarket. A signal?
Only a matter of time before multiple class actions will be filed, just like DRYS. Don't overlook the bonus' they gave their sideline companies for doing a good job for executing normal business functions last year. It's all in the filing. Dealings with companies they own on the side.