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06 Growing Opportunities COSCO Corporation (Singapore) Limited China Imports Grew40 %
07 Growing Opportunities COSCO Corporation (Singapore) Limited Growing Opportunities The current health of global trading activity as evidenced by the increase in the Baltic Dry Bulk Index (BDI) and the high volume of raw material imports into China promises a wealth of shipping and ship repair opportunities for us in the near future. In shipping, the consolidation of the BDI at last year’s high average levels combined with the increased capacity coming on stream in our dry bulk carrier fleet promises robust earnings growth through 2005. In ship repair, with the ageing nature of the global merchant fleet requiring the regular maintenance and repairs made mandatory by international shipping regulations, we are well positioned to capture a major slice of this growing market. To maximise our gains, we are augmenting our capacity and our capabilities in high value-added areas of repair and conversion that command a price premium. The growing offshore market, for one, will give us a niche opportunity in oil rig repair. Our strategic alliances with partners such as SembCorp Marine further open up new opportunities for us, such as skill upgrades through technology transfer, and access to new customers. COSCO Corporation (Singapore) Limited Annual Report 2004
Page 1 and 2: COSCO Corporation (Singapore) Limit
Page 3 and 4: 01 Corporate Profile COSCO Corporat
Page 5 and 6: 03 Building Scale COSCO Corporation
Page 7: 05 Increasing Value COSCO Corporati
Page 11 and 12: 09 At A Glance COSCO Corporation (S
Page 13 and 14: 11 Financial Highlights COSCO Corpo
Page 15 and 16: 13 Chairman’s Letter COSCO Corpor
Page 17 and 18: 15 President’s Statement COSCO Co
Page 19 and 20: 17 President’s Statement COSCO Co
Page 21 and 22: 19 Operations Review & Geographical
Page 23 and 24: 21 Operations Review COSCO Corporat
Page 31 and 32: 29 Inside COSCO Corporation COSCO C
Page 33 and 34: 31 Inside COSCO Corporation COSCO C
Page 35 and 36: 33 Board of Directors COSCO Corpora
Page 37 and 38: 35 Board of Directors’ Profile CO
Page 39 and 40: 37 Corporate Structure COSCO Corpor
Page 41 and 42: 39 Financial Review COSCO Corporati
Page 43 and 44: 41 Corporate Governance COSCO Corpo

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