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Iraq’s oil reserves increase to 153 bln barrels, oil minister says

Baghdad - Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he said in a statement.

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France favours broad Italian majority stake in STX France

Paris - France does not want Italian shipbuilding group Fincantieri (FCT.MI) to hold more than 50 percent of bid target STX France, but is willing to allow a number of Italian companies to hold a majority.

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South Korea court declares Hanjin Shipping bankrupt

Seul - A South Korean court declared Hanjin Shipping Co Ltd (117930.KS) bankrupt on Friday, after ruling earlier this month that the firm’s liquidation value would be worth more than its value as a going concern.

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Fincantieri: a new class of ships for Norwegian Cruise Line

Trieste - Fincantieri was awarded an order from Norwegian Cruise Line Holdings Ltd. for the construction of 4 new generation cruise ships with an option for additional 2, for the Norwegian Cruise Line (NCL) brand.

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Fincantieri: dry dock works start on “Viking Spirit”

Ancona - The keel laying ceremony for “Viking Spirit”, the fifth of six cruise ships Viking Ocean Cruises has ordered from Fincantieri, took place today at the shipyard in Ancona.

China to suspend all imports of coal from North Korea
Egypt’s agricultural exports ripe for world markets after currency float
Port of Hamburg achieves record result on rail freight transport
Philippines says Japan offers help in anti-piracy effort
Works start on the first multipurpose offshore patrol ship