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[grupo guitarlumber] 24/2/2006 06:10

nice posts phil

[ariane] 05/2/2006 18:25

Alstom's new high-speed train aims to derail Siemens
By Ross Tieman In Toulouse
05 February 2006


FRENCH engineering group Alstom is forging ahead with the development of a fourth-generation high-speed train, the AGV (Automotrice à Grande Vitesse), capable of carrying 460 passengers at speeds of up to 350kph (218mph).

Unlike its previous high-speed trains, developed partly with funding from French state railways SNCF, which owns the TGV (Train à Grand Vitesse) brand, the AGV's E150m (£102m, $181m) development costs are being funded internally, and the train is targeted at export markets.

With a prototype expected to run before the year end, the main target market is Italy, which is expected to order more than 100 high-speed train units, at a cost of E2.5bn, to operate new lines linking Milan, Turin, Rome and Naples.

To get on track for an Italian sales success, last November Alstom agreed a wide-ranging strategic partnership on high-speed trains with Ansaldo Breda, part of the Finmeccanica engineering group.

The deal covers production both of 250kph Pendolino tilting trains, built by Alstom at its Italian sites acquired with Fiat's rail business six years ago, and the new AGV, which would be built in Alstom's Italian plants and those of Ansaldo.

The AGV will be a significant technological advance on previous generations and will be powered by smaller electrical motors in each of the articulated carriages, rather than giant power units at each end.

It will also offer a quieter ride, with less vibration, and much increased use of composite materials to save weight.

Alstom reckons the world market for high-speed trains is worth E1.6bn a year, and will be E2.4bn a year by 2008.

France is already equipped with three generations of Alstom TGVs, and Spain has bought TGVs and ICE trains from German rival Siemens as it builds a nationwide high-speed network. With Germany, an ICE market, also extending its high-speed train network, Italy is the next big battleground as the competitive position of rail against airlines is bolstered by high oil prices.

But Alstom is also pinning hopes on China, after winning a contract to equip Korea with TGVs a decade ago. China has big plans for a high-speed rail network, but the first train contract was won by Siemens. Alstom hopes a "stretched" AGV with 1,000 seats might enable it to overtake its arch-rival.

new high-speed train aims to derail Siemens&StoryID=55222991-AFD4-4515-AF3F-1ACD1C5C8B2E&SectionID=BA48E3D7-CCB9-4976-883F-EE19F9206FB3

[grupo guitarlumber] 03/2/2006 10:43

cheers schober

[schober] 03/2/2006 10:37

thnks grupo;the chart doeslook very overbought; one wondersif itll test the 50e level
interesting survey of gas & coal, seems there is graeter demand from utilties for coal fired turbines than ngas, juback favours alstom as the way to play the coal market rather than the miners


intersting go note that you are buying peabody coal rserves at 5c/mmbtu!!
compared to the price paid for cop of 3$/mmbtu! for gas reserves

[grupo guitarlumber] 03/2/2006 10:05

Alstom upgraded to "overweight"

Wednesday, January 18, 2006 5:37:09 AM ET
Morgan Stanley

LONDON, January 18 (newratings.com) - Analysts at Morgan Stanley upgrade Alstom (ticker: AOMD) from "equal weight" to "overweight." The target price is set to €70.

In a research note published this morning, the analysts mention that the company's liabilities are expected to decline by a further €437 million in FY2007. Alstom's share price has 24% upside potential over the forthcoming 12 months, Morgan Stanley says. The power revenues and EBIT margin estimates for FY2007 have been raised to €8.4 billion and 7.0%, respectively.

[schober] 03/2/2006 09:36

" Platts research shows that over 20,300 megawatts (MW) of combined cycle
gas turbine (CCGT) capacity is in construction in western Europe, a further
20,000MW are approved to proceed and around 70,000MW are proposed or applying
for permits. In the UK, over 15,000MW of new gas plant is being planned. A
similar amount is also set to be built in eastern Europe.
Over the last two years nearly 24,000MW of CCGT plant has come on line
across western Europe despite rising gas prices and CCGTs still remain the
technology of choice for new project developers.
"CCGT capital costs are roughly half the price of new clean coal and less
than a third of new nuclear," said Platts editor Henry Edwardes-Evans. "The
risk for gas plant is in the fuel cost, but it does seem that developers are
more relaxed than politicians on the future price and availability of gas.""
...........................
...........................
" However, this may change. Platts research shows that there has been an
upsurge in coal plant proposals mainly in Germany, that could see around
10,000MW installed over the next five to ten years. Enel of Italy is busy
converting old oil-fired power plant to coal-firing. Meanwhile Eon UK has
just unveiled plans for a 450MW clean coal station in the UK."


hmmmmmmmmmm.... now how many gas plant orders will be cancelled i wonder??ps grupo could you ut a chart inthe header? cheers

[grupo guitarlumber] 27/1/2006 15:08

nice chart schober.

perfect Darvas.

[ariane] 19/10/2005 16:10

Thales to pay 1.35 bln eur for 35 pct stake in enlarged DCN naval group -
report

PARIS (AFX) - Thales SA will pay 1.35 bln eur to take a 35 pct stake in an
enlarged DCN, the shipbuilding group owned by the French state, whose merger
with Thales' naval activities has been planned for several months, said the
industry newsletters TTU and Aeronautique Business in separate reports today.
Thales will also contribute its 50 pct stake in Armaris, a shipbuilding
venture owned jointly with DCN, as well as its Thales Naval France subsidiary,
valuing its total outlay at 1.75 bln eur, the reports said, basing their
calculations on a study from analysts at French brokerage Ixis Securities.
The merger is part of the French government's plan to privatise DCN, a
project that should be agreed in the coming weeks, said Defence Minister Michele
Alliot-Marie in a recent press interview.
[e-mail]
afp/js/cml

[blackstone] 11/10/2005 11:33

New Shipping Passages from global warming?

[grupo guitarlumber] 30/9/2005 16:18

DCN's Poimboeuf says tie-up with Thales should lead to European naval group

PARIS (AFX) - Jean-Marie Poimboeuf, chief executive of France's DCN
shipyards, said a tie-up with Thales SA's naval division should be the first
step toward the construction of a European naval giant, along the lines of EADS.
"It is something that seems to me unavoidable in the medium or long term,"
Poimboeuf said in an interview with Agence France-Presse.
He said the European shipbuilding market is worth 8-10 bln eur, close to the
10-12 bln eur of activity for the US market, but the US has concentrated its
operations into 4 major shipbuilding companies and 6 shipyards, whereas Europe
counts 20 companies and the same number of shipyards.
Poimboeuf said he wants to complete the alliance with Thales as soon as
possible. In a press interview today, Defence Minister Michelle Alliot-Marie
said talks are currently being slowed by a dispute over the valuation of the
various operations.
"Basically, these are technical obstacles that still need to be overcome,
concerning mainly problems about the valuation of assets," Alliot-Marie told
French daily La Tribune. "This is being sorted out by bankers."
Recent press speculation has said Thales, in which the French state owns a
31.3 pct stake, would take a 35 pct stake in DCN, but Poimboeuf refused to
comment on the terms of any deal.
Concerning the creation of a European shipping group, he said that while an
alliance with German companies would be possible, joining with other countries
would be more difficult.
Spain, for example, has recently agreed to cooperate with US companies to
build ships and submarines, while Italian shipyards produce both military and
civilian boats, making problematic any tie-up with European partners for
military shipbuilding exclusively.
As for the UK, Poimboeuf said the British government seems less interested
in cooperating with Europeans because of their interest in maintaining
trans-Atlantic ties, alongside fears of a decline in their own domestic
shipyards.
France and the UK are still in talks on a joint project to build three
nuclear-powered aircraft carriers, but the two countries have not yet reached an
industrial agreement.
"For us, the best choice, for the best price, would be to build the three
hulls in the same place, but the British want to keep their naval yards going,"
Poimboeuf said.
But a decision to launch the construction of one aircraft carrier for France
should be made by the end of this year, regardless of whether any agreement is
made with the UK, he said.
[e-mail]
ea-fol/ros/js/lam

[waldron] 19/9/2005 11:46

FINMECCANICA: GUARGUAGLINI, WORKING ON A DEAL WITH ALSTOM
(AGI) - Rome, Sept 19 - Finmeccanica (Italy's aerospace and defence firm) CEO Francesco Guarguaglini told press at a Nato meeting today that he is "working ib a deal with (railway company Alstom." The deal, he said, is part of Italy's efforts to introduce high-speed trains in the country. "We need to check whether our interests match," he added. By the end of October, CIPE (Italy's Interdepartmental Committee for Economic Planning) will pay the first trahce of its 695 million euro allocation to Finmeccanica, Italy's Aerospace and Defence Firm, said Finmeccanica's managing director Pierfrancesco Guarguaglini. The allocation is aimed to fund Tetra, a digital ICT project which will be used by Italian intelligence. Commenting on a statement by Interior Minister Giuseppe Pisanu, who on Aug 25 announced CIPE and Finmeccanica had signed a new cooperation deal, Mr Guarguaglini said the first funds will be released by the end of October. Speaking to reporters at Nato's Allied Command Transformation "Industry Day" event, Mr Guarguaglini also said that "the second tranche should be around 200 million." (AGI) (AGI) - Rome, Sept 19 - By the end of October, CIPE (Italy's Interdepartmental Committee for Economic Planning) will pay the first trahce of its 695 million euro allocation to Finmeccanica, Italy's Aerospace and Defence Firm, said Finmeccanica's managing director Pierfrancesco Guarguaglini. The allocation is aimed to fund Tetra, a digital ICT project which will be used by Italian intelligence. Commenting on a statement by Interior Minister Giuseppe Pisanu, who on Aug 25 announced CIPE and Finmeccanica had signed a new cooperation deal, Mr Guarguaglini said the first funds will be released by the end of October. Speaking to reporters at Nato's Allied Command Transformation "Industry Day" event, Mr Guarguaglini also said that "the second tranche should be around 200 million." .
191144 SET 05

[ariane] 04/9/2005 11:14

Alstom, Siemens Bidders for $5 Bln Saudi Rail Project (Update1) Sept. 4 (Bloomberg) -- Alstom SA, Siemens AG and Mitsubishi Corp. are among companies bidding for a $5 billion Saudi Arabian project to create the first rail link between the Persian Gulf and the Red Sea, a Saudi official said.

The state-run Saudi Railways Organization yesterday got initial offers from eight groups interested in the project that involves building a 1,065-kilometer (665 miles) railroad across the desert-kingdom, the organization's president Khalid Alyahya said in a telephone interview from Dammam today.

``The project will link the three major economic cities in Saudi Arabia for the fist time,'' Alyahya said. The groups of companies that include banks, railway builders and train makers that meet the Saudi's initial criteria will be invited to submit firm bids by the end of the year for the project, he said.

Saudi Arabia, the world's largest-oil exporter, wants to attract foreign investment to develop the country's infrastructure and expand its industrial base to create jobs for its expanding population, set to double to 30 million by 2020.

The kingdom last year hired UBS AG, Europe's biggest bank by assets, and France's state-owned rail operator Societe Nationale des Chemins de Fer, to advise them on the project, known as the Saudi Landbridge.

Build and Operate

The winning group of companies will build and operate the railway, which will carry both passenger and freight traffic, for a period of at least 30 years, according to Alyahya.

The existing Saudi rail network consists of two 500- kilometer (313-mile) lines connecting Riyadh, the capital, with the Persian Gulf seaport of Dammam and the petroleum center at Haradh, according to the state-rail operator's Web site.

At least 850,000 passengers and 850 million tons of freight were carried by the Saudi Railways Organization in 2002, according to the site.

A third railway line is being considered to link the religious centers of Mecca and Medina with the Red Sea port of Jeddah and industrial city of Yanbu, Alyahya said.

The Middle East is the ``fastest growing'' transport market for railway projects in the world, Charles Carlier, Paris-based Alstom Transport's senior vice president for southern Europe, said in a Sept. 21, 2004, interview.

Mitsubishi Corp., Japan's biggest trading company, won a $3.4 billion contract in May to build the first urban commuter metro in the Persian Gulf sheikdom of Dubai.

[mcbeanburger] 26/8/2005 07:34

china, crude and baltic dry....

[ariane] 14/8/2005 15:53

17/11/2005 Fiscal Year 2005/2006, Half-Year Results.

[ariane] 12/8/2005 07:18

Morgan Stanley Boosts Alstom Target Price

Thursday, August 11, 2005 3:22:28 AM ET
Dow Jones Newswires



0705 GMT [Dow Jones] Morgan Stanley raises Alstom (1022047.FR) target price to EUR37.20 from EUR0.93. Lifts '06 EPS to EUR1.31 from EUR0.03 and '07 EPS to EUR2.70 from EUR0.07. Follows consolidation of shares through a reverse share split, it says. "Consolidation took place through the exchange of 40 shares for one new share, as a result the price target increases by a factor of 40." Changes are a direct result of consolidation rather than a change in fundamental view. Maintains equalweight recommendation. Closed at EUR0.83. (AST)

[energyi] 04/8/2005 16:33

TROUBLE IN SHIPPING? ... Trouble in the Global Economy to follow?
====================

Movements in the BDI, as a leading indicator, have tended to precede movements in global stock markets. The index also tends to presage higher interest rates, because when larger volumes of raw materials are being shipped around the world, there is a greater need for financing and interest rates tend to rise.

This takes us to the direction of the BDI and the 10-year,



and 6-month charts, as reflected below.



The index registered a blow-off high near year-end 2004 at the 6250 level and plunged. An attempted rally in the first quarter of 2005 failed and since mid-April the BDI has dropped 63%. Over a 52-week period, the index has plunged 72%.

We already know that the European economy has slowed down appreciably. Britain alone has just reported the slowest economic growth in 12 years and the German economy is terribly anemic. Also, in Asia the Chinese economy has become overheated, and there is concern for the banking industry and possible negative impact on the Chinese economy.

The BDI chart seems to be predicting a significant slowdown in global economic activity which, for the world¡¦s stock markets, would mean the end of the cyclical bull market and a return of the secular bear market, and probably with a vengeance. For the world¡¦s capital markets, the dropping BDI should, in theory, mean lower interest rates. But in the debt-ridden US, a declining economy will cause an unprecedented real estate implosion for starters, which logically would cause interest rates to rise as defaults soared and the mood of Americans changed from fearless to fearful.

...MORE: