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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.

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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.

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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.

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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.

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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

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