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Cosco rises on vessel order

2012-05-04 16:30 China Daily     Web Editor: Zhang Chan comment

Cosco Corp Singapore Ltd, the shipbuilding arm of China's biggest shipping company, climbed to a one-week high after it won an order to build a semi-submersible accommodation vessel.

Cosco Singapore gained as much as 1.4 percent to S$1.065 ($0.86), the highest intra-day price since April 27. Cosco has increased 21 percent this year, compared with a 14 percent rise in the Straits Times Index.

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