Samsung Heavy Industries has won a KRW 447.6 billion ($421.53 million) order for five containerships from an unnamed Asian shipowner according to a regulatory filing today.
The delivery of the five vessels is expected to be completed by the end of 2015.
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China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump's tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars.
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents.
Russia’s Arctic liquefied natural gas plant appears to have flared fuel last week, satellite images show, a move that could indicate the restart of a sanctioned export facility that has effectively been shuttered since last October.
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