Major shipyards vow to continue cost-cutting measures, boost profitability
South Korea’s two major shipbuilders — Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. — said Friday that they will strive to boost their profitability via increased orders and continued cost-cutting measures.
Trump’s Vow to Break From OPEC Oil Imports Echoes Old Refrain
Representatives of OPEC and several other major oil producers will start arriving in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output.