jiangsu rongsheng heavy industries co ltd free sample

HONG KONG (Reuters) - Shares in China Rongsheng Heavy Industries Group Holdings Ltdtumbled 18 percent on Monday after the U.S. securities regulator accused a company controlled by the shipbuilder"s chairman of insider trading ahead of China"s CNOOC Ltd"sbid for Canadian oil company Nexen Inc.Labourers work at a Rongsheng Heavy Industries shipyard in Nantong, Jiangsu province May 21, 2012. REUTERS/Aly Song

The U.S. Securities and Exchange Commission filed a complaint in a U.S. court on Friday against a company controlled by Rongsheng Chairman Zhang Zhirong, and other traders, accusing them of making more than $13 million from insider trading ahead of CNOOC’s $15.1 billion bid for Nexen.

On Monday, Rongsheng shares dropped as much as 18 percent to HK$1.15, a record low, leaving the company with a market capitalization of just over $1 billion. The company also issued a profit warning, saying first-half earnings would fall sharply as a result of a global shipbuilding downturn, a factor that has already pushed its shares down more than 75 percent in the past year.

“Since weak earnings had been expected and the stock had already come down quite a bit, the early selling was mainly triggered by the insider trading probe,” said Steven Leung, a director at UOB Kay Hian.

“Investors are very sensitive to this kind of news and they simply unloaded their stakes on the worry that they will not be able to exit their investment if the company involved gets suspended,” he said.

Rongsheng - which entered a strategic cooperation agreement with CNOOC in 2010 - said in a Hong Kong filing that it did not expect the U.S. investigation to affect its operations. It said Zhang did not have an executive role in the company.

The SEC does not allege any wrongdoing by Zhang, but notes that he is the controlling shareholder of a company that engages in significant business activities with CNOOC. CNOOC in Beijing has declined comment on the matter.

“The news around the chairman comes on the back of other operational and credibility issues,” Barclays said in a note to clients. “We think China Rongsheng presents significant company-specific risk.”

The SEC said on Friday that a federal court in Manhattan had frozen assets worth more than $38 million belonging to Hong Kong-based Well Advantage, controlled by Zhang, and other unnamed traders who used accounts in Hong Kong and Singapore to trade in Nexen stock.

Zhang was ranked the 22th richest Chinese person by Forbes Magazine in September 2011. But his net worth fell by more than half in the past year to $2.6 billion in March 2012 as shares of Rongsheng tumbled.

Shares of Glorious Property Holdings Ltd, a Chinese real-estate developer in which Zhang has a 68 percent stake based on a December 2011 filing, also fell sharply. The stock fell as low as HK$1.12, down 15 percent from Friday.

The unnamed Singapore traders used accounts in the names of Phillip Securities and Citibank C.N, while Well Advantage made its trades through accounts held at UBS Securities and Citigroup Global Markets. Neither of the Well Advantage accounts had traded Nexen shares since January 2012, and the Citigroup account had been completely dormant for over six months, the SEC says.

This Agreement sets out the terms and conditions upon which the Bank will make available to the Borrower a floating interest rate loan facility (with currency option in relation to Tranche A only) in the sum of up to the lesser of (i) US$30,000,000 (United States Dollars thirty million) (hereinafter called the “Loan” which expression shall also mean the balance thereof at any time outstanding hereunder and in the currencies it is then denominated) and (ii) 80% of the market value of the Vessel as determined at around the time of the Drawdown Date pursuant to Clause 10.3, for the purpose of partly financing the construction cost of the Vessel (as hereinafter defined), such loan facility to be made by way of two (2) Tranches as follows:

NHST Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Read more about NHST Media Group here.

Brazil sank a decommissioned aircraft carrier in the Atlantic Ocean off its northeast coast, the Brazilian Navy said, despite warnings from environmentalists that the rusting 1960s French-built ship would pollute the sea and the marine food chain.The 32,000-tonne carrier had been floating offshore for three months since Turkey refused it entry to be scrapped there because it was an environmental hazard and the ship was towed back to Brazil.The carrier was scuttled in a "planned and controlled sinking" late on Friday, the Navy said in a statement, that would "avoid logistical, operational, environmental and economic losses to the Brazilian state," it said.

Finnish cargo handling machinery manufacturer Cargotec on Monday announced its board of directors has appointed Casimir Lindholm to succeed Mika Vehviläinen as the company"s president and CEO, effective April 1, 2023.A member of Cargotec"s board since 2021, Lindholm has held CEO positions both in Eltel and Lemminkäinen and many board memberships.“I’m honored and excited to be leading Cargotec at such a pivotal moment in the company’s history, with a strong foundation and a clear vision into its next development phase of growth as we have communicated before.

The Baltic Exchange"s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to the lowest in nearly three years, pressured by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 13 points, or about 2.1%, to 608, its lowest since early-June 2020.The capesize index lost 10 points, or about 2.3%, to over a five-month low of 419.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $86 at $3,475.

ABB has unveiled its Baldor-Reliance HydroCool XT motor product line, a new generation of water-cooled motors for extreme marine duty and other applications.According to the manufacturer, HydroCool XT is quiet and versatile, and offers reduced maintenance and high performance in some of the toughest environments. Water-jacket cooling offers higher thermal conductivity than air cooling, helping to extend the motor life while eliminating the need for fans or air filters. Available with induction or permanent magnet rotor technology, the motor can achieve the highest level (IE5) efficiency rating for energy savings

The Italian trade union USB filed a legal complaint against a plan by gas grid operator Snam to set up a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino, it said in a press release on Friday.USB alleged Snam had committed serious "environmental crimes" while performing works to build the terminal.USB criticised in the statement the choice to set up the terminal in an area already polluted by an old steel plant, saying regasification processes would increase pollution levels even further and cause "serious and irreparable injuries."Snam declined to comment on the issue.

RM2BG7GB5–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RMJ4N42X–House facade, balcony, plant, detail, house, facade, reddish, defensive wall projection, shrub, broad-leaved tree, nobody, object photography, forms, lines, nature, architecture,

RM2J92BX1–Coffee beans and cold coffee drink with glass straw on a yellow isometric diagonal projection background. Can-shaped glass of coffee with plant-based

RM2BF1JY9–Design for a Chest of Drawers. Chest with six drawers decorated in marquetry inlay of arabesques. Piers and cornice in stylized plant forms. A metal gallery with finials at the corners above. Piece shown in isometric projection. Scale below.

RMKNYMNH–Bird Pendant. Date: 10th-16th century; Geography: Colombia; Culture: Tairona; Medium: Gold alloy; Dimensions: H. 5 1/4 x W. 4 3/16 in. (13.3 x 10.7

RM2BG7GBC–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RMH40XXR–Woman, seriously, hairs, foliage, portrait, Ti5, women"s portrait, young, 20-30 years, naturalness, view camera, hairstyle, leaves, autumn foliage, nature plant, autumn, idea, conception, projection, change, vision

RM2J92BTX–Cold coffee drink, coffee beans and leaves on a yellow isometric diagonal projection background. Can-shaped glass cup of coffee with plant-based milk.

RM2CRKC69–A women walks past a projection in the new Darwin Centre at the Natural History, Museum in London September 8, 2009. The new space includes two storeys of museum collections, featuring 20 million species of plant and insect, and opens to public on September 15. REUTERS/Stefan Wermuth (BRITAIN ENTERTAINMENT ENVIRONMENT SOCIETY)

RM2MTPAB3–29 January 2023, Saxony, Leipzig: In the Kunstkraftwerk, a former cogeneration plant, visitors watch the multimedia installation "Gustav Klimt - GoldExperience," in which many famous paintings are projected in space. In the show by Italian Stefano Fake and his Fake Factory, the stations and works of Austrian artist Gustav Klimt (1862-1918), one of the most important representatives of Viennese Art Nouveau, are shown in various thematic areas as a monumental projection throughout the room and on the floor. The show will be on view until May 28, 2023. Photo: Waltraud Grubitzsch/dpa - ATTENTION:

RM2BKR1A9–Projection of a heart with a cross on a cooling tower of the Dukovany Nuclear Power Station (plant) was held on May 4, 2020, in Dukovany, Czech Republic. Authors of initiative "Light against the virus!" thanked all the people who were helping others in difficult times, and also called on them to be patient and careful in the days to come. (CTK Photo/Libor Plihal)

RM2H0BRT0–210120-N-BR087-1068 SANTA RITA, Guam (Jan. 20, 2021) Seabees deployed as the expeditionary construction and engineering capability of Task Force 75 load asphalt on Naval Base Guam. Naval Mobile Construction Battalion 3 turned over asphalt batch plant operations to NMCB 4 as part of their relief in place/transfer of authority (RIP/TOA). The Seabees are deployed across the Indo-Pacific region conducting high-quality construction to support U.S. and partner nations to strengthen partnerships, deter aggression, and enable expeditionary logistics and naval power projection.

RM2BG7G64–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RM2MTPBHP–29 January 2023, Saxony, Leipzig: In the Kunstkraftwerk, a former cogeneration plant, visitors watch the multimedia installation "Gustav Klimt - GoldExperience," in which many famous paintings are projected in space. In the show by Italian Stefano Fake and his Fake Factory, the stations and works of Austrian artist Gustav Klimt (1862-1918), one of the most important representatives of Viennese Art Nouveau, are shown in various thematic areas as a monumental projection throughout the room and on the floor. The show will be on view until May 28, 2023. Photo: Waltraud Grubitzsch/dpa - ATTENTION:

RM2BKNXNA–Projection of a heart with a cross on a cooling tower of the Dukovany Nuclear Power Station (plant) was held on May 4, 2020, in Dukovany, Czech Republic. Authors of initiative "Light against the virus!" thanked all the people who were helping others in difficult times, and also called on them to be patient and careful in the days to come. (CTK Photo/Libor Plihal)

RM2BG7G9B–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RMD5BD7F–A Greenpeace handout picture dated 26 August 2010 shows a projection as it illuminates the cooling tower of the nuclear power plant in Lingen, Germany. The projection reads "Mrs. Merkel, nuclear energy is the wrong way" in preparation of the German Chancellor"s planned visit to the power plant on 26 August 2010. Photo: Fred Dott/Greenpeace EDITORIAL USE ONLY

RM2J92BTJ–Natural cold cocoa drink with plant-based milk on a yellow isometric diagonal projection background. Can-shaped glass cup of cocoa with reusable straw

RM2MTPBM7–29 January 2023, Saxony, Leipzig: In the Kunstkraftwerk, a former cogeneration plant, visitors watch the multimedia installation "Gustav Klimt - GoldExperience," in which many famous paintings are projected in space. In the show by Italian Stefano Fake and his Fake Factory, the stations and works of Austrian artist Gustav Klimt (1862-1918), one of the most important representatives of Viennese Art Nouveau, are shown in various thematic areas as a monumental projection throughout the room and on the floor. The show will be on view until May 28, 2023. Photo: Waltraud Grubitzsch/dpa - ATTENTION:

RM2BKNXN5–Projection of a heart with a cross on a cooling tower of the Dukovany Nuclear Power Station (plant) was held on May 4, 2020, in Dukovany, Czech Republic. Authors of initiative "Light against the virus!" thanked all the people who were helping others in difficult times, and also called on them to be patient and careful in the days to come. (CTK Photo/Libor Plihal)

RM2BG7G5N–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RMD5BD7E–A Greenpeace handout picture dated 26 August 2010 shows a projection as it illuminates the cooling tower of the nuclear power plant in Lingen, Germany. The projection reads "Mrs. Merkel, nuclear energy is the wrong way" in preparation of the German Chancellor"s planned visit to the power plant on 26 August 2010. Photo: Fred Dott/Greenpeace EDITORIAL USE ONLY

RM2MTPAD4–29 January 2023, Saxony, Leipzig: In the Kunstkraftwerk, a former cogeneration plant, visitors watch the multimedia installation "Gustav Klimt - GoldExperience," in which many famous paintings are projected in space. In the show by Italian Stefano Fake and his Fake Factory, the stations and works of Austrian artist Gustav Klimt (1862-1918), one of the most important representatives of Viennese Art Nouveau, are shown in various thematic areas as a monumental projection throughout the room and on the floor. The show will be on view until May 28, 2023. Photo: Waltraud Grubitzsch/dpa - ATTENTION:

RMW93H3T–--FILE--Chinese employees work at a shipbuilding plant of Jiangsu Rongsheng Heavy Industries Group Co. ,Ltd. in Nantong, east Chinas Jiangsu province,

RM2CKJ7KB–Deputy Director Georg Schwarz of the Swiss Federal Nuclear Safety Inspectorate (ENSI) speaks during a presentation with a projection showing a schematic view of a nuclear power plant during a news conference in the town of Brugg west of Zurich July 9, 2012. Switzerland"s nuclear power plants could withstand a serious earthquake, the country"s nuclear safety regulator said on Monday in a study prompted by the Fukushima disaster in Japan. The Swiss government decided to phase out nuclear power by 2034 after the Fukushima tragedy, triggered when an earthquake unleashed a tsunami, shook public con

RM2BKNXJ1–Projection of a heart with a cross on a cooling tower of the Dukovany Nuclear Power Station (plant) was held on May 4, 2020, in Dukovany, Czech Republic. Authors of initiative "Light against the virus!" thanked all the people who were helping others in difficult times, and also called on them to be patient and careful in the days to come. (CTK Photo/Libor Plihal)

RF2C2CPCT–Sunflowers viewed from the side, facing one another, illustrating the psychological concept of mirroring, mirror image and projection, in monochrome

RM2BG7G8K–Drive-in cinema Dortmund, against the backdrop of the former blast furnace plant Phoenix-West in Dortmund-Hörde, temporary film screening, event in co

RMD5BD7D–A Greenpeace handout picture dated 26 August 2010 shows a projection as it illuminates the cooling tower of the nuclear power plant in Lingen, Germany. The projection reads "Mrs. Merkel, nuclear energy is the wrong way" in preparation of the German Chancellor"s planned visit to the power plant on 26 August 2010. Photo: Fred Dott/Greenpeace EDITORIAL USE ONLY

The misuse of legitimate drugs, or the use, possession, distribution or sale of illicit or unprescribed controlled drugs on board is strictly prohibited. A seafarer who is taking a prescription drug is required to present to the Company a statement from the prescribing physician that the prescription drug will not impair the seafarers work performance.

3) The Company implements procedures which meet or exceed the relevant Flag State legislation and/or ICS/OCIMF guidelines and enforces a strict blood/breath and/or urine test schedule involving:

In the interest of the health and safety of its employees, the Company reserves the right to inspect and search, at random unannounced times, any packages, boxes, clothing, or any other personal belongings carried on or off company property.