U.S. shipbuilders ready for Trump’s expansion plan / INTERVIEW

Simi Valley - “If I do not have that capacity, I can create it faster than you can appropriate the money,” Mike Petters, chief executive of Huntington Ingalls Industries Inc, the largest U.S. military shipbuilder.


Hyundai Heavy near deal with Iran for 10 ships

Seoul - Hyundai Heavy Industries Co., a major shipyard in South Korea, looks set to clinch a deal with Iran to supply 10 ships, a news report said Saturday.


Bulgarian shipping company Navibulgar to buy 4 ships for US$32m

Geneva - Switzerland’s ABC Maritime is to sell Bulgarian maritime shipping company, Navibulgar, four 36,500-deadweight tonnage (dwt) sister ships.


Carnival Princess to pay record $40 mln for pollution cover-up

Washington - Carnival Corp’s Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty.


Higher oil prices stoke hope for Korean shipbuilders

Seoul - Oil prices continued to rise on Thursday extending their rally to a second consecutive day after the Organization of the Petroleum Exporting Countries (OPEC) clinched an agreement to cut production for the first time since 2008.

Samsung Heavy says $776.8 mln order for LNG facility cancelled
Korean shipyards face 2.2 tln-won corporate debt due next year
Hyundai Merchant, MSC team up for Hanjin Shipping’s U.S. terminal
Singapore, Union gives $3m to help cut shipping firms’ costs
Fincantieri: dry dock works start in Genoa on “Seabourn Ovation” / GALLERY