• Most Popular
  • Most Shared

Singapore Cosco says client cancels one ship order

Thu May 7, 2009 5:33am EDT

Stocks

   

SINGAPORE, March 7 (Reuters) - Singapore-listed shipbuilder COSCO Corporation (COSC.SI) said on Thursday a European customer had cancelled the order of one out of four vessels.

The delivery dates for two other 57,000 tonne bulk carrier vessels will be delayed to June and September 2010, instead of March and May 2010, respectively. The contract on the remaining vessel remains unchanged.

It said earlier on Thursday that first quarter net profit slid 60.5 percent.

(Reporting by Eveline Danubrata; Editing by Neil Chatterjee) ((neil.chatterjee@thomsonreuters.com))


More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    President Barack Obama (R) meets with financial services industry leaders in the Roosevelt Room of the White House in Washington December 14, 2009. REUTERS/Larry Downing

    Obama takes "fat cats" to task

    Backed by Americans outraged by multi-billion dollar bailouts, President Obama met with a dozen of Wall Street's top bankers in a bid to crack down on the so-called "fat cats" largely held responsible for the financial crisis.  Full Article 

    Executive Compensation
    Lockheed Martin Chief Executive Robert Stevens answers a question during the Reuters Aerospace and Defense Summit in Washington December 14, 2009. REUTERS/Molly Riley

    Lockheed eyes deals

    The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year.  Full Article 

    Aerospace and Defense Summit