Daily Stock Setups

BRIEFING - ASIA SHIPPING - NOV 9, 2009

Posted on: Mon, 09 Nov 2009 01:33:00 EST

Symbols: PKX

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Nov 09, 2009 (AsiaPulse via COMTEX) --
PKX | Quote | Chart | News | PowerRating -- An executive briefing on shipping for Nov 9, 2009,
prepared by Asia Pulse (http://www.asiapulse.com), the real-time,
Asia-based wire with exclusive news, commercial intelligence and
business opportunities.

POSCO NOT INTERESTED IN DAEWOO SHIPBUILDING: CEO

SEOUL - POSCO (KSE:005490), South Korea's
leading steelmaker, is not interested in buying Daewoo
Shipbuilding & Marine Engineering Co., its chief said Monday.

In January this year, state-run Korea Development Bank
terminated the sale of a 50.4 per cent stake in the world's
third-largest shipyard to Hanwha Group, rejecting the group's
demand to revise the terms of sale.

S. KOREA SET TO HELP STRUGGLING SHIPBUILDERS

SEOUL - State-run financial institutions
will increase their support to shipyards and shipping lines
struggling to cope with the fallout from the worldwide economic
slump, the South Korean government said Monday.

The Ministry of Knowledge Economy said the global economic
crisis has caused new orders won by local shipyards to fall 90
per cent on-year from January through September, making it
necessary to take active measures to prop up the sector.

SRI LANKA SHIPYARD LAYS KEEL FOR 4TH INDIAN VESSEL

COLOMBO - Sri Lankan shipyard Colombo
Dockyard said it has laid the keel for construction of the
fourth Multipurpose Platform Supply Vessel for Greatship
India.

The vessel is meant to support the offshore oil and gas
industry, the yard said in a statement.

SEAPORT TO BE BUILT IN PHILIPPINES' AURORA ECOZONE

MANILA - Senator Edgardo Angara, together
with the Philippines' Aurora Special Economic Zone (ASEZA), led
the signing of a memorandum of understanding (MOU) with Rizhao
Development Corp. for the design and development of a seaport
in Casiguran, Aurora that will harness the full potential of
the province as the next investment hub in the Pacific.

The MOU between ASEZA and Rizhao Development Corp. was
signed last November 3 by ASEZA's Deputy Administrator Mr.
Vitaliano T. Sabalo, Jr. and Rizhao Development Corp.'s chief
executive officer, Mr. Guanghai Shen.

INDONESIAN OIL CO ELNUSA MAY INVEST US$140M BUYING A SHIP AND STEAMER

JAKARTA - Publicly traded Indonesian oil
and exploration company PT Elnusa (JSX:ELSA) said it may spend
US$140 million on plan to buy a ship and a steamer to support
its operations in deep sea seismic surveys.

At least one ship and a steamer are needed for marine
geo-science service, Elnusa Operation Director Eddy Sjahbuddin
said Thursday.

For full details on POSCO ADS (PKX) PKX. POSCO ADS (PKX) has Short Term PowerRatings at TradingMarkets. Details on POSCO ADS (PKX) Short Term PowerRatings is available at This Link.

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