HONG KONG, Dec 4- China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said on Wednesday it expects to report a substantial full-year loss just months after it appealed to the government for financial help.» Read More
**MOLEX INC, $38.47, up 31 pct. The maker of electronic connectors and cable assembly products said privately owned energy and chemicals conglomerate Koch Industries would buy it for about $7.2 billion. Shares of fertilizer companies jumped after Russian President Vladimir Putin said on Friday that it was necessary to resolve a potash dispute with Belarus.
U.S. stocks rose, helping the S&P advance for a fifth straight day following upbeat economic data from China, though concerns about the possibility of a Western strike against Syria tempered investor enthusiasm. **MOLEX INC, $38.47, up 31 pct.
A surge in U.S. natural gas production thanks to the shale revolution means proposed new liquefied natural gas projects in Australia, East Africa, Canada and Russia can no longer count on exporting to the United States and will now have to focus more on sales to Asia.
ONCUPINAR, Turkey/ LONDON, Sept 5- With his truck fully laden with vegetable oil, driver Mustafa Demir makes his regular trip to the Syrian border from Turkey to sell to rebels desperate for provisions as war closes off normal trade channels.
*China shippers jump, Baltic Dry Index at highest since Jan 2012. *Merchants Bank climb after successful Shanghai rights issue. Investors also cheered China Merchants Bank's completion of a long-planned share offering that raised 27.5 billion yuan, lifting its share price, along with those of its Chinese banking rivals.
COPENHAGEN, Sept 3- Who would have thought a container shipping firm could rally as many Facebook "likes" as a big brewer, find lost cargoes via Instagram or use Pinterest to limit the public relations setback of accidentally killing a whale?
LONDON, Sept 2- An attack by assailants on a container ship in the Suez canal has heightened risks for merchant shipping using the vital waterway, with further threats considered likely as political turmoil continues in Egypt.
*Q2 operating loss $100 mln vs $19 mln loss forecast. OSLO, Aug 28- Frontline, once the world's largest oil tanker firm, suffered a big second-quarter loss and said it may struggle to repay its debts if the shipping industry does not pick up soon and it is unable to raise equity or sell assets.
MOSCOW, Aug 21- The global trade in oil products will soon see a massive shift in flows as big refineries are built in Asia and the Middle East, prompting traders to further expand their terminal businesses, a leading oil terminal player said.
LONDON, Aug 20- BP's increasingly bad-tempered spat with the U.S. federal court, claims administrators and legal community in New Orleans over oil-spill compensation payments suggests the company has given up trying to win the case locally.
LONDON, Aug 16- Libya's largest refinery on Friday loaded its first petroleum products tanker since labour unrest hit the oil sector nearly three weeks ago but protests still throttled the country's vital crude oil exports, shipping sources said.
LONDON, Aug 9- A strange-looking vessel inspired by the exotic sucker fish is due to leave Norway for Brazil's giant offshore oilfields this week on a mission to revolutionise deep sea oil loading methods.
ARBIL, Iraq/ DUBAI, Aug 7- Iraq's Kurdistan region is exporting crude oil by truck to an Iranian port for shipping to Asia, industry sources say, using a trade route that is likely to anger both Baghdad and Washington.
*Bigger fleet gives Iran more sea storage options. LONDON, Aug 6- Iran has taken delivery of several new oil tankers in recent weeks as it relies more on its own fleet capacity to help sustain crude export shipments in the face of western sanctions.
Aug 5- Unsecured creditors of drybulk shipper Excel Maritime Carriers Ltd have asked a bankruptcy court to terminate the exclusivity period for the company's reorganization plan, saying the package benefited only secured lenders and controlling shareholders.
NEW YORK/ LONDON, Aug 1- Goldman Sachs' effort to diffuse intensifying pressure over its commodity business by throwing open its metal warehouse doors likely comes too late to head off further scrutiny of Wall Street's commodity trade.
HONG KONG, July 31- China's largest bulk shipper, China COSCO Holdings Co Ltd, may sell some of its $1.6 billion in property assets to avoid a delisting after it flagged a first-half loss, weighed down by a global shipping industry slump.
HONG KONG, July 31- Hong Kong shares may start higher on Wednesday after China's politburo, the country's top decision-making body, pledged to keep economic growth stable in the second half by fine-tuning policies. The markets will also be keenly awaiting China's official purchasing managers' index on Thursday and Friday's U.S. jobs data.
*U.S. gasoline exports to West Africa surge in July. LONDON, July 22- A sharp increase in U.S. gasoline exports to West Africa is threatening to undercut European refiners' dominance of that market, further darkening the outlook for an industry that has already been shrinking.
NEW YORK, July 19- In the middle of July, U.S. refiners are normally doing a brisk business selling their fuel close to home, revving up output to meet peak driving demand.