Singapore-listed Chinese shipbuilders may get boost as China unveils US$5 billion ($6.6 billion) fund to help Greek shipping companies buy Chinese vessels, says Dow Jones.

Move announced over weekend by Chinese Premier Wen Jiabao, deemed particularly beneficial for Cosco (F83.SG), Yangzijiang (BS6.SG), JES International (EG0.SG) as contracts from Greece, Europe make up significant part of their orderbooks.

All 3 stocks have been attracting increased investor interest lately given rising orders for bulk carriers due to lower prices, overall firmer demand from shipowners in China. Any additional wave of orders from Greece should help underpin sentiment.

Cosco +2.3% at $1.81 Friday, Yangzijiang +1.1% at $1.78, JES +4.5% at $0.35.